Earlier quoted context omitted.
A lot of folks here are calling out the lower pay for SWEs in Europe and Canada as a failure - but also praise the low wealth inequality and low income inequality in Europe and Canada. You can't have low inequality by definition if you decide to start paying one group a ton of money. Well, this is a lot like the housing conversation in the US. "I want my house to go up in value, and be a great investment!" Also: "Why…
The wealth inequality debate is about Bezos and wall street ceo's type thing - I don't think many people have issue with some making $50k and others making $200k.
If you think through it, the billionaires don't have all that much real resource to be used - eg, J. Bezos owns an island in Hawaii. So say the government takes his island off him and redistributes it to low-wage earners in New York - they can't actually use the island for anything. They'd sell their stake in it and go for real resources locally. The actual real resources they consume are going to be made up for by the upper-middle class having less.
If anything is done about income inequality, it is probably going to involve bringing the above-median types more into line with the below-median earners. There aren't many ways around that - low earners need real resources, not paper money. Billionaires tend not to have the amount of real resources that are needed.