I’m curious where people stand on this. Should governments redistribute wealth to reduce inequality or should individuals keep what they earn?
Personally, I think some support is necessary because the rich keep getting richer while the poor suffer and struggle so much.
The real question is where should the line be drawn if government decides to redistribute wealth?
No, that is a solution that tries to fix a symptom rather than a cause and it always ends poorly.
The reason for this is our monetary system(which all countries use) benefit the few at the expense of most. Inflation is currency debasement and it is mostly due to and would not be possible without government in the first place.
Instead of wealth redistribution, we should be asking for sound money that cannot lose value.
Now help for the poor and people who cannot help themselves is paramount, I believe this should be society's job and not the government's.
As Thomas Sowell has pointed out, the idea that taking from the successful to give to others creates fairness ignores basic economics. The "rich getting richer while the poor suffer" narrative misses the real culprit: the current monetary system. Central banks create money out of thin air and funnel it first to governments, banks, and big corporations. This is the ultimate wealth transfer and socialism for the rich through inflation, cheap credit, and bailouts.
More redistribution won’t fix it. Sowell reminds us that incentives matter: when you penalize production and reward dependency, you get less of the former and more of the latter. The line never stays drawn it always expands into higher taxes, more debt, and slower growth.
Monetary Literacy & Mastery Foundation