I mean, we could just tax people more and redistribute to the bottom.
Basically create a society with some high income spread, say 100x. So a low salary would be like 40k as a floor, and 4milliom as a ceiling. Wealth can be capped via a similar scheme.
That way, people are highly incentived via capitolism just as they are now, but wealth is constrained.
Imo it's not that the mechanics are wrong, it's that the parameters are ill-tuned
Basically create a society with some high income spread, say 100x. So a low salary would be like 40k as a floor, and 4milliom as a ceiling. Wealth can be capped via a similar scheme.
That way, people are highly incentived via capitolism just as they are now, but wealth is constrained.
Imo it's not that the mechanics are wrong, it's that the parameters are ill-tuned