One of the constant headlines we see is about the vast difference in wealth, its accumulation and the power it brings.
We are more than aware of the ability to “buy” votes either through the direct funding support of political parties or individuals are the ability to buy social media advertising etc through individual influencers or as is becoming more the case through “bots”
We also are becoming more and more aware that world crises like the Iran war, covid etc are putting vast wealth into individual hands, whilst 95% of the world population finds life harder and harder, with essentials like decent housing, warmth and indeed good harder to afford.
So crises rather than being disastrous for everyone, is definitely not a crises for those most wealthy, who are able as a result of Q/E, acquisitions of assets snd other mechanisms to accumulate more and more. This results in the inflation of asset prices and things like housing become more and more unaffordable to those on ordinary incomes. The world crises becomes a crises for ordinary folk, which does not go away once the world crises is over, because the inequality in wealth has got even wider.
I think that the argument for a proper wealth tax is becoming more and more essential. I recognise that it will not resolve all the issues, but it can be done, and done very successfully. Norway and Switzerland are good examples.
We are talking about the top 1-5% here - definitely not in GN territory😄😄
