NSmolenskiFan on Nostr: A lot can be said about the causes of lower wealth inequality in the U.S. after the ...
A lot can be said about the causes of lower wealth inequality in the U.S. after the Second World War. Many believe that it’s because taxes were higher, but as economic historians have pointed out, almost nobody paid the higher rates.
The main cause of greater wealth equality was most likely the *actual war,* which absolutely incinerated property, labor, and value all over the world.
In other words, the easiest way to create “more equality”—at least on paper—is simply to destroy wealth. But by lowering the ceiling, you also lower the floor.
The only thing that reliably has raised the floor for everyone is entrepreneurial capitalism. But it also raises the ceiling.
The main cause of greater wealth equality was most likely the *actual war,* which absolutely incinerated property, labor, and value all over the world.
In other words, the easiest way to create “more equality”—at least on paper—is simply to destroy wealth. But by lowering the ceiling, you also lower the floor.
The only thing that reliably has raised the floor for everyone is entrepreneurial capitalism. But it also raises the ceiling.