Comment by My_Name

I fully agree. Tax wealth, not work. Then it is far easier to lift yourself from poverty, but harder to hold on to vast amounts of wealth.

After WW2, when tax on the wealthy was far greater, sometimes 95% of their income (in the UK at least), it was the period when the largest number of ordinary people were raised from poverty to middle class status, yet the number of rich people also increased greatly. When that stopped, wages stagnated, and now we have a cost of living crisis. Connect the dots, lol...

Many people think that the market is either 100% free, or 100% controlled, but a free market that operates within defined limits that will stop the greatest excesses of the rich ruining things for everyone else is the sweet spot we should be aiming for.