Extract from The Redistribution Paradox
From the Prelude: The Question of Wealth
There has never been such wealth in the world as there is today, it is richer than it has ever been, and not just by a small margin. In a couple of decades, global wealth has grown exponentially, to an extent that would have stopped your grandparents dead in their tracks. Millionaire status used to be the pinnacle of success; now, billionaire status is becoming commonplace, and you have trillion-dollar tech giants operating like it is business as usual. Some of these individuals may have more influence on the direction of society than many countries combined.
While money continues to accumulate at the top, and at an alarming rate, most people are not enjoying the benefits. People are not drowning, per se, but they are certainly not advancing; they are simply treading water. Even in what are considered the “wealthy” regions of the world, people are just one mishap away from what, to them, would be an economic disaster. It doesn’t take long for those who are just ‘surviving’ to feel like they are suddenly ‘drowning’. Today, we have a tremendous amount of wealth accumulated at the very top of society, and beneath it, nothing but chronic levels of stress.
Of course, people are upset about this. The most obvious answer would appear to be to take a portion of that enormous pie and distribute it evenly throughout society. Tax the billionaires appropriately, disband the large conglomerates, and make sure that the distribution of wealth is more equal. Sounds simple enough, but is it?
As soon as you begin to discuss redistributing wealth, things become complex, and not a satisfying type of complexity, either. This is where the problems begin.
The extract ends here. The paradox begins on the next page.
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