[quote=SK in CV][quote=AN]Although economist might not advocate for it, but that’s the best solution to shrink the wealth gap. Historical data proves that it works. [/quote]

Sorry, that’s just wrong. Severe market crashes invariably lead to high unemployment. Unemployment invariably affects the lower and lower-middle economic classes disproportionately. Only in backwards world is that a path towards closing the wealth gap.[/quote]
Where have you been in this last crash? Yes, there were a lot of unemployment, but there were a lot of foreclosed upper middle class people too. Everyone was destroyed pretty evenly across board. Even the ultra rich were taken down a few notches.

With that said, I agree that it would be a backward world. But that’s the only proven way to reduce the wealth gap. I don’t think your tax proposal would do it. But we’ll never know.