There's no point paying a fortune to have all the people who created the most value leave your country just so you can reduce a pointless metric, especially when all it does is get the state more money to spend on itself rather than reduce your costs or increase what you get for your costs.
Don't be fooled, those people don't create any value. They could disappear tomorrow and the world would be none the poorer. Quite the contrary in fact. Wealth is created by working, not owning, never forget this basic fact.
Assuming that the money is all used for altruistic purpose, I could agree with your point. But we know that this money is often used for not so altruistic purposes like investing in PE which asset strip the productive parts of economy or use the money to influence politics and elected representatives via lobbying.
Yup, altruistic job nakers, huh?
In most advanced economies today, that's equity. The ordinary person thinks of wealth as money lying around in the bank, which the rich person refuses to spend on anything useful. And instead either hoards, or spends on luxury things which cause resentment to the remainder.
The real question is for most people today its easier than ever to invest and then give it to their children. Why aren't people doing it?
The median person in the US has about $8k, which is basically enough to cover one emergency.
I've been out of full time work for 2.5 years now and had to slowly dwindle my 401k when emergencies popped up.
I didn't think this community was this isolated from the economy given the hundreds of thousands of tech workers displaced these past few years alone. Take a look at what it's like for non-tech workers and come back to ask that question.
You mean the workers? Why would they leave if inequality is reduced, that would mean their standard of living would increase?
Anyone who wants to leave is free to, people are tired of the threats, just do it already. The people who leave will be spiting their own faces, and the people who stay behind will fill the demand vacuum.
Do you really think a world with extreme power inequality is anything good?
moreover this supposes that wealth does not buy political power, which is also blatantly false.
this is the fastest way to hell in modern societies.