Redistribution can only get you so far. Creating new wealth is more sustainable.
> Redistribution can only get you so far.
That "so far" being a middle class the envy of the rest of the world which the US threw away to create a new class of oligarch.
"Back at the tail-end of that era, in the early 1960s, America’s richest faced a 91 percent tax rate on income in the top tax bracket."
https://inequality.org/article/tax-the-rich-we-did-that-once...
AI destroys wealth, so what is that?
Number one expense for SMB is healthcare, providing a nationalized healthcare service would likely unlock trillions in value (imagine what Americans would do if they got $200-500 more per paycheck?).
Instead we are forced to watch some of the wealthiest companies on the planet burn money for fun because apparently the government is "wasteful."
What a crock of shit.
So why did we stop doing that in favour of winner takes all weath centralisation?