[quote=FlyerInHi]Livinincali, keep in mind that during great recessions and depressions, asset values and incomes drop sharply. Business deals drop off so top earners may not earn anything, but they have wealth saved from previous years. Income and wealth inequality work together, but wealth inequality is more worrisome.

Regular workers who are laid off don’t have accumulated wealth as safety net.

Stock market crash and depression are not the solution to inequality. Too much suffering and iddle productive capacity that retard human advancement. No economist would advocate that.[/quote]
Although economist might not advocate for it, but that’s the best solution to shrink the wealth gap. Historical data proves that it works. In any other booming economy, the smarter and richer people will find ways to increase their wealth at a much faster rate than those who earn minimum wage.

Even with the taxing of capital at a higher rate than income, my bet is that the Trump of the world will still increase their wealth at a much faster rate than you or I.