There's too much money in the game. There's more capital invested than there are things to invest in at a reasonable rate of real returns. It needs to be clawed back but it's hard an unpopular to do. What we effectively need is a temporary effective progressive wealth tax that alters the exponent of wealth distribution, and that tax just needs to go "nowhere" instead of being reinvested in government programs. Carefully though because such an action has lots of side effects. The problem is whenever you propose such a thing there will be a long list of people with a long and varied list of reasons why this or something similar is insane. It is A) complicated and B) poorly understood so the discourse is usually just useless, which is reason #1 why it is hard.
There's too much money in the game. There's more capital invested than there are things to invest in at a reasonable rate of real returns. It needs to be clawed back but it's hard an unpopular to do. What we effectively need is a temporary effective progressive wealth tax that alters the exponent of wealth distribution, and that tax just needs to go "nowhere" instead of being reinvested in government programs. Carefully though because such an action has lots of side effects. The problem is whenever you propose such a thing there will be a long list of people with a long and varied list of reasons why this or something similar is insane. It is A) complicated and B) poorly understood so the discourse is usually just useless, which is reason #1 why it is hard.