Comment Re:tl;dr (Score 3, Insightful) 331
I don't agree that there are no tools a government could employ here. A government could create a tax bracket of 70% (or some other arbitratily high number) and make the bracket begin at a number high enough that only those pooling money would be effected(including corps). The government could then spend that money on public infrastructure, employing people in the process. Think power plants, government rollout of highspeed fiber, high speed trains, or hell if you get enough money how about a space elevator?
A government, such as the US govt, could prevent companies by sending all their money oversees by penalizing companies which don't base themselves in the US. A govt could institute a tax on assets upon death. A government could institute tax brackets which target your existing wealth as well as income. A government could redefine corporations in such a way that it is no longer possible for the insane abuses they perpetrate to continue.
I am not saying any of this is easy. However, we aren't trying any of it, and all of it has the potential to help (if not solve) the problem. I also fully realize why we aren't trying any of it: All of it affects the wealthy, and the USA is an oligarchy.