this post was submitted on 11 Jul 2023
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Geez that's rough and must really suck. We should help all of those rich people get over their lack of personal connections. By taxing most of their money away.
This could be done in a generation if we made sensible inheritance laws, a wealth tax, or did away with capital gains and implemented an income tax with the highest bracket >90% like the US did in the 1940s-1960s instead, (provided this is done without loopholes.) There's huge benefits to living in a country with more economic equality in terms of crime, political engagement, home ownership, economic competition, social mobility, terrorism, poverty reduction, mental health, etc., It's harder to exploit people when they have resources.
So it's not going to happen, got it.