Comment by almosthere

In the US, you could work 400 hours per day, and still nothing would change in regards of wealth concentration.

Inheriting money from your parents is taxed lower than earning your own money through work. Making more money due to already having money is taxed lower than earning your own money.

US Americans by a large majority over decades got trained to believe changing that would have something to do with "socialism", which was made a bad word.

But this isn't about re-distribution, making people equal or anything.

It's just that it is not logical, does not make sense, and in the end will destroy your society if already having money, which provides no benefit to society whatsoever, is rewarded over producing something, which does provide a benefit.

Why does a teacher who provides REAL benefit to society in the US has less yearly net income than someone who does not work at all but has once inherited 200k from his parents?

You have been trained to find all of this normal, and to believe it's your fault. Just work harder! No, it's not your fault. Working harder won't change anything.

So imagine you have one of the richest countries on this planet. But you don't really have enough work for every human to work full-time. Why is this a problem instead of an ideal? What strange goal is "everyone should work hard" when it comes to enjoying life? If you have an insanely rich country, there are far better solutions than trying to artificially create jobs that make no sense.

You can not compare this to a POOR country with high unemployment. There unemployment is a problem. In the US? Who cares if there is no factory to work in? Instead go help your neighbor. Study something. Become an artist. Do a public gardening project.

Again, the problem is that "having money already" that is of no use to society whatsoever is valued and awarded higher than any of those useful things above.

So, Step 1 for the US would be: You don't have to take away anything from anyone. But stop rewarding people for already having money.

As the CEO and owner of a German limited company I can choose between paying me a salary, getting taxed 45% ) for that, or paying myself a dividend, getting taxed 25% ). The first time I learned that 20 years ago I found it totally crazy and could not believe it. I still find it crazy today. Even in my own f'ing company my OWN work is valued less by society than me owning my company!

*) Oversimplification, but the ratios are correct

Wealth concentrates because of shitty tax policy and lack of enforcement of existing, on the books regulation to enforce a competitive market.

Famous Trust Buster Teddy Roosevelt was a progressive republican who openly stated he had no desire to harm or kill industry in the USA but was instead working to ensure there continued to be competitive pressure to make that industry work better.

Employment has never effectively redistributed wealth. Possibly it improved things a little bit after the black plague reduced the labor pool by about 25%.

The only peaceful and low death form of fixing obscene wealth inequality has always been government, through taxes.