Why the US might want to encourage wealth inequality

"A problem with wealth inequality is that it is passed on from one generation to the next, namely through inheritances and access to more expensive education. Their solution is a progressive wealth tax (a bigger tax rate on higher amounts of wealth; Altman suggests starting at $500,000). The idea is already catching on in the US; last year’s budget included a tax increase on capital gains, to 20%, just for higher earners. But if wealth inequality is a problem, then progressive wealth taxes aren’t the right solution." The solution is not through augmenting taxes, but instead using a nation's source of profit and distribute it back to the people as a citizen's dividend. This will reduce the amassing of wealth in the hands of a few and instead, empower the population, eradicating poverty and providing higher wages - this is the solution that Living Income Proposes: http://wp.me/P42l71-65

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