[juvvel]

No. This is what capitalists want you to believe. The truth is that we are all subsiziding the capital gains of the wealthiest 2%. You could easily pay for generous social security programs by taxing property and capital more (as opposed to labor). But the ultra-wealthy point at the weakest and poorest and tell the average worker "look, they're coming for your house and your humble savings!". This is a very deliberate distraction.

[WarmWash]

Have you looked at wealth distribution or do you just read social media headlines and comments all day?

https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...

See that 50-90% and 90-99%?

That's where all the money is. Moreover, the top 1% have tons of assets, but not much actual money.

Any "evening out" will come mostly from the 50-99% class.

If you want to see a crack in the echochamber, ask yourself why no publication has ever published this chart?

[gilbetron]

That data is published quite often, no conspiracy here.

The point is that the top 1% can be taxed more heavily, not that they own the majority of wealth.

[welshwelsh]

I'm not sure taxing them more heavily will actually result in significantly more tax revenue in the long run.

Think about it: to pay for this tax, the rich will need to sell their assets. Who is going to buy those assets? What impact would that have on the asset price?

[inigyou]

Reduced inequality brings its own benefits already by itself.