[quote=AN]Do you think that tax policy would achieve that? Something tells me those who are in the top 10% will still continue to do well in that kind of tax environment while those depending on minimum wage would still be doing poorly. We all understand the power of compound interest, so, I think this tax proposal wouldn’t slow down the widening wealth gap. I think you’d need to be much more forceful to truly close the gap, if that’s your goal.[/quote]

Tax policy might work to a degree, but it would be a lot easier to just let asset prices crash and not do anything when the next bubble pops. Yeah that might suck for your 401K and your retirement plans but it would certainly shrink the wealth gap. Look at any wealth gap chart and it pretty much mirrors what’s going on in the stock market. When was the wealth gap so large like this? That would be 1929. What happened next that shrunk the wealth gap? When this problem started 35 years ago where was the stock market?