Is there a strong correlation between higher taxes and decreasing wealth inequality?
The one part of your comment with which I certainly agree is:
> Note: I believe this would be the case even if the money was literally burnt/disappeated rather than being given to the government (not that I suggest that's what we do).
...except, I am perhaps prepared to suggest actually implementing such a system, at least as an experiment.
Removing spending power from places where it's concentrated seems to have obvious benefits, but giving it to the state (the entity in which political power is maximally concentrated, at least with respect to the legitimate initiation of violence) seems like it's moving the power dynamic in the wrong direction.
> Is there a strong correlation between higher taxes and decreasing wealth inequality?
A sufficiently strong progressive taxation regime would obviously have this effect, assuming you could actually enforce it. For example, if you taxed 99% of earnings above $10 million that would greatly reduce the wealth of the ultra-wealthy, even without taking into account how that money was redistributed.
That's obviously an extreme, and I'm not suggesting we do exactly that. But 80% tax rates were common as recently as the late 20th century, and coincidentally there were much lower rates of wealth inequality during this time.
Well I think we all understand the basic arithmetic; that's not what's in dispute.
The question is,
> even without taking into account how that money was redistributed.
...if you're taking money from people earning $11 million, and giving it instead of the military and prison industrial complexes, obviously you've concentrated, rather than diluting power.
I think there's a real question about how possible it is for a taxation regime to ever have a progressive effect inside the belly of empire.
The one part of your comment with which I certainly agree is:
> Note: I believe this would be the case even if the money was literally burnt/disappeated rather than being given to the government (not that I suggest that's what we do).
...except, I am perhaps prepared to suggest actually implementing such a system, at least as an experiment.
Removing spending power from places where it's concentrated seems to have obvious benefits, but giving it to the state (the entity in which political power is maximally concentrated, at least with respect to the legitimate initiation of violence) seems like it's moving the power dynamic in the wrong direction.