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Podcast: PRay TeLL, Dr. Hash
Episode: 1464 Curing Wealth Disparity
Description: The natural result and biggest threat to a capitalist society is wealth concentration because it creates people with so much money that they aren’t subject to market forces and, subsequently, distort democracy into what it is today, and needs to be corrected. Curing the Top 1% wealth problem is not complicated but it would be vehemently resisted because the simplest solution is to limit inheritance. In America’s past, that’s what happened, plus high income was taxed over 90%. However, the ultra-wealthy were able to use their inordinate amount of money & power to change those high progressive rates to the relati...