We have to be very careful & gentle with these ideas, so as to avoid the fate of the Soviet Union…

We have to be very careful & gentle with these ideas, so as to avoid the fate of the Soviet Union or Venezuela.

The counterargument is that our Pareto Index is quite low right now. There is a lot of wealth stratification, which strangles innovation and creates a collective sense of helplessness.

A net worth tax might work of it’s very graduated (starting at 10-12 figures) and progressive, and if we lower marginal/overall taxes on the middle class (up to $500k or & 1m per year) simultaneously.

Another option is to break the big tech monopolies, fix primary, secondary, and postsecondary education — and let the market correct. We need markets with greater room for innovation. That’s the key.