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Do you have any suggestions for sustainable resolution of the wealth inequality problem in the US?

Asked by crazyguy (3207points) October 10th, 2020

This is a favorite subject of mine. So, bear with me, while I give you my take on the problem.

Inequality in wealth and income is measured by the GINI coefficient. For the US, the 2019 value for the GINI coefficient is 0.852. It is topped by only three other countries: Netherlands, Russia and Sweden. Netherlands and Sweden are big surprises, Russia is not. However, keep in mind that Russia is the only one of the four top nations that went through a massive revolution about a century ago. The revolution resulted in complete equality in the Marxist sense. So it is a surprise to see them revert to their old ways except the czars have been replaced by the oligarchs.

See https://en.wikipedia.org/wiki/List_of_countries_by_wealth_equality

One other country that went through a violent wealth redistribution was France. France has a 2019 GINI of 0.696, lower than Denmark, Germany, UK, and most other European nations. In fact the only Western European nations with more wealth equality than France are Spain, Portugal, Luxembourg and Italy. So France may be a good model for the US to follow.

What do you think?

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