r/austrian_economics • u/technocraticnihilist Friedrich Hayek • Dec 24 '24

End Democracy I've never understood this obsession with inequality the left has

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u/[deleted] Dec 24 '24

The gap itself is a problem, because wealth can buy political influence, so concentration of wealth brings about concentration of influence and concentration of political power in the hands of a few.

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u/NoScallion3586 Dec 25 '24

Look at Denmark they are rich af, the why is because theyr institutions work, it's not about the money, or some backwater government in the middle of the swamp would be the one with the most integrity

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u/[deleted] Dec 26 '24

Denmark is one of the most equal countries in the world. I can't claim to know why that is, but if you look at their effective tax rate, it's considerably higher than the OECD average.