LogFAQs > #979520968

robbobmur posted...

Right , they don't or can't use funds for wealth creation.

If you want them to do so , you'll need a better plan than just take away the wealth from others so there isn't as big of a disparity.

After taking a fraction of the wealth of the richest the money should be invested in public services in a way such that normal people have a better QoL and more money to spend and invest.

https://neweconomics.org/2019/05/investment-in-public-services-is-an-investment-in-social-infrastructure

public services have been found to reduce income inequality by an average of 20%

https://www.researchgate.net/publication/329051565_State_government_public_goods_spending_and_citizens'_quality_of_life

Moreover, the statistical relationship between public goods spending and happiness is substantively large and invariant across income, education, gender, and race/ethnicity lines indicating that spending has broad benefits across society. These findings suggest that public goods spending can have important implications for the well-being of Americans and, more broadly, contribute to the growing literature on how government policy decisions concretely impact the quality of life that citizens experience.

Additionally, there should be more public education about managing money in general. It is among the practical skills that are largely neglected by schools.