Comments by "SmallSpoonBrigade" (@SmallSpoonBrigade) on "How The Dutch Economy Shows We Can't Reduce Wealth Inequality With Taxes | Economics Explained" video.

To an extent, inequality is a good thing, it helps drive innovation. The problems come when the powerful can buy political influence and use that influence to avoid having to share any of that with the people doing the work. The existence of billionaires is less of an issue if everybody is fed, housed and has a decent standard of living.
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Of course, you can, a simple graduated tax system with some of the money taxed from the top given to those at the bottom to subsidize a basic standard of living would do just that. It would disincentivize the hoarding of wealth and opportunity, while giving a boost to those at the bottom. This would allow them to have the room to try and make a go at things that would otherwise be too risky. Income inequality became a problem in the US in large part due to inadequate taxation of those with money.
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@ragingnep Of course, but when a small portion of the population controls such a large chunk of the wealth, it is a massive problem. If it's just everybody advocating for things that benefit them personally, things would tend to even out over time.
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