YOUR MOST GRIEVOUS ERROR
Tiny homogeneous European nation-States don't have Chicagos or Baltimores filled with American Blacks killing one another. Wealth disparity is a non-event. Perhaps you can explain from where the money will come to purchase all of that wealth and convert it into cash to be redistributed.
Get your accounting straight. Here-follows how.
The wealth of the nation (belonging to its people) is Net After-tax Income. Where does NAtI come from is the right question to be asked. It comes from tax-rates applied to Gross Income reported to the tax-authorities.
From where does Gross Income derive? THAT is the question we should be asking?
And answering: For a wage earner, Net Income is
the residual amount of earnings after all deductions have been taken from gross pay, such as payroll taxes, garnishments, and retirement plan contributions. What remains is Taxable Personal Income.
TPI at present applicable for Married taxpayers filing jointly:
Taxable income in USD (Tax rate)
0-19,050 .............(10%)
19,051-77,400 ... (12%)
77,401-165,000 ....(22%)
165,001-315,000 (24%)
315,001-400,000 (32%)
400,001-600,000 (35%)
600,001+ ...........(37%)
The above is progressive, yes, but insufficiently progressive! Howzat?
Here's why:
*Presume the base is the first level of taxation (>19K$), with the rate at 10%
*The highest tax-rate (>600K$) is at 37%
which is four times greater.
*
And yet, the difference in income-level is 60-to-1!!!
Any numb-skull can/should understand the
basic disparity of income-taxation in the US.
Which leads to this bit of factual economic research conducted by the UofCal (Saez, Guzman, Piketty):
Even you, try harder ...