The solution (in my opinion) is simple. Increase taxes on unearned income and balance that with decreased taxes on earned income (i.e. productive activity). Unfortunately this looks like political suicide in a climate where a large portion of the population has gone all in on a strategy of investing in unearned income.
We've embraced the exploitative aspects of capitalism at the expense of the creative aspects and it has made our societies sick and fragile.
The solution (in my opinion) is simple. Increase taxes on unearned income and balance that with decreased taxes on earned income (i.e. productive activity). Unfortunately this looks like political suicide in a climate where a large portion of the population has gone all in on a strategy of investing in unearned income.
We've embraced the exploitative aspects of capitalism at the expense of the creative aspects and it has made our societies sick and fragile.