I think there’s also something to say about what a person is actually doing with their wealth. Some people have most of that wealth tied up in the ownership of their business, re-invest the profits to grow the business and provide reasonable wages and working conditions to their employees. That’s a lot different, in my mind, than the ones that own staffed mega-yachts, spend hundreds of thousands for a 20 min trip to the edge of space and back, or buy estates across the globe while their staff rely on food stamps.
I think stronger labour regulations and better unions are a big part of the solution. Common complaint that CEOs are lining their pockets by squeezing every ounce of value possible from their staff. Mandate better working conditions, and close the loopholes like arbitrary cut-offs for benefits eligibility(make it a sliding scale, someone working 0.75 FTE should get 0.75 value of the benefits package that full-time employees would) and we’d see that concentration of wealth slow down a lot.
I think there’s also something to say about what a person is actually doing with their wealth. Some people have most of that wealth tied up in the ownership of their business, re-invest the profits to grow the business and provide reasonable wages and working conditions to their employees. That’s a lot different, in my mind, than the ones that own staffed mega-yachts, spend hundreds of thousands for a 20 min trip to the edge of space and back, or buy estates across the globe while their staff rely on food stamps.
I think stronger labour regulations and better unions are a big part of the solution. Common complaint that CEOs are lining their pockets by squeezing every ounce of value possible from their staff. Mandate better working conditions, and close the loopholes like arbitrary cut-offs for benefits eligibility(make it a sliding scale, someone working 0.75 FTE should get 0.75 value of the benefits package that full-time employees would) and we’d see that concentration of wealth slow down a lot.