What do each of US feel about Wealth Inequality.

[BZN]

I reckon there is a movement starting, to highlight the inequality of wealth distribution around the world.
There was a tax extreme wealth rally on 25th March outside HM Treasury just down the road from Big Ben and the Houses of Parliament.
The rally included groups like War on Want, Greenpeace and Oxfam.

New York hosted the Wall St. Journal magazine Innovator Awards 29th Oct. 2025.
Mark Zuckerberg and other billionaires were in attendance.
Billy Eilish was the recipient of the award and included in her acceptance speech was a gentle challenge if you're a billionaire, why are you a billionaire? no hate but give your money away.
Billy Eilish also pledged $11.5 million from her 'hit me hard and soft' tour earnings, which will be directed to food equity, climate justice, reducing carbon pollution as well as other social and environmental causes.

 

[hammertime]

I reckon there is a movement starting, to highlight the inequality of wealth distribution around the world.
There was a tax extreme wealth rally on 25th March outside HM Treasury just down the road from Big Ben and the Houses of Parliament.
The rally included groups like War on Want, Greenpeace and Oxfam.

New York hosted the Wall St. Journal magazine Innovator Awards 29th Oct. 2025.
Mark Zuckerberg and other billionaires were in attendance.
Billy Eilish was the recipient of the award and included in her acceptance speech was a gentle challenge if you're a billionaire, why are you a billionaire? no hate but give your money away.
Billy Eilish also pledged $11.5 million from her 'hit me hard and soft' tour earnings, which will be directed to food equity, climate justice, reducing carbon pollution as well as other social and environmental causes.

It's a good question BNZ.

I'm actually lucky in that I'm probably on the more fortunate side, but I see the massive issues with wealth inequality. The way that the super-rich can stack assets, with smaller fractional outgoings (as they still only support 1 person/family), it means the wealth divide will just grow larger and larger.

There needs to be a more appropriate wealth taxation. One that taxes assets based on asset gains more effectively, not income. Maybe even unrealised gains. GST can also be effective, but consumption again for 1 individual is limited.

But you need to do it in a way that is based on asset location, not the location of the individual. Otherwise, there are loopholes.

Mark Bouris recently talked about a flat 20% tax rate, and we need to be careful about selfish blokes like that. It would just make people like him richer. We're lucky that there are the Bill Gates and buffets of the world at the moment who will give back, but we can't rely on that. As for every Bill Gates, you have a Jeff Bezos.

There is a good ex-trader, Gary Stevenson, who talks about all this.