[kevin_thibedeau]

It has a tiny bit of merit on the basis that limited wealth inequality creates opportunities for investment of the surplus capital in novel ways. Something that doesn't work well in planned economies with forced equality. What we have today with a small number of plutocrats hoarding all the wealth doesn't work because they're playing a game of exclusively enriching themselves with no incentive to trickle anything down.

[immibis]

There is a big space in between today's world and Harrison Bergeron. Somewhere in that space is probably the global optimum. False dichotomies are false.

[nodoll]

> no incentive to trickle anything down...

Of course you are not hoping they will do out of their good of their hearts.

They would naturally want to enrich themselves, and one way to do that is launch new business and employ people, which in turn leads to the transferring back of the wealth to the people. In this manner, this also boosts economy in ways that a simple tax hike would not.

[kevin_thibedeau]

This is the money that is supposed to trickle down. They are keeping it to themselves. Even more damning with data extending back to 1980.

https://fred.stlouisfed.org/graph/?g=1FIED

[nodoll]

>They are keeping it to themselves...

So how would this graph look if it did trickle down? Just curious..