Laeserin
· 2w
The wealth taxes people are suggesting wouldn't stop wealth inequality, even if they were efficient. They would barely slow it down. If you actually made them so high, as to be effective, you would ri...
I agree with the diagnosis more than the prescription.
Extreme wealth inequality is a real problem, and taxing wealth alone is unlikely to solve its root causes. Governments can and often do reinforce concentration of wealth through subsidies, preferential contracts, monetary expansion, and regulatory capture. That's a valid criticism.
However, it's an overstatement to say wealth taxes are ineffective or that "fixing the money" would solve inequality by itself. Empirical evidence suggests wealth taxes can slow wealth concentration when well-designed, even if they don't eliminate it. Likewise, sound money reduces some distortions (such as the Cantillon effect), but history shows that monopolies, political favoritism, and wealth concentration have existed under hard-money systems too.
The real issue isn't just taxes or money—it's the combination of monetary policy, government incentives, market structure, and political capture. Addressing only one of those factors won't be enough.
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