[misun78]

People can question all they want about why wealth is not trickling down but that doesn’t change the underlying analysis or outcomes around why this is a bad idea. You may get income redistribution and trickle down but if it changes the underlying systems that create wealthy, those same people will just end up poorer but more equitable.

[dmode]

Is there any evidence for that assertion ? I mean you take any European country such as Norway, Denmark, Netherlands, Switzerland, UK, and even France. Where taxes are remarkably high, and definitely far fewer billionaires per capita. Europe has better health outcomes, better income equality, and extremely low poverty rate compared to the US. [1] [1] https://data.oecd.org/netherlands.htm

[alentist]

Note: Income inequality [0] and poverty rate [1] are in-distribution relative measures, not absolute measures. You could “improve” these measures by making everyone worse off (i.e. a Pareto worsening).

[0] https://data.oecd.org/inequality/income-inequality.htm

[1] https://data.oecd.org/inequality/poverty-rate.htm

[gok]

Norway, Sweden, Switzerland, and Iceland all have more billionaires per capita than the US.