It depends on what sort of redistribution you talk about.
Picketty argues that we tax income but not wealth and that's the root of our problems. I would imagine that your income is a way higher percentile than your wealth, income middle-class like you and me get smashed by income taxes (as someone from the working class in the UK it absolutely blew my mind when I learned how much wealth the people all around me had in their families, even just upper-middle class).
If you're hanging around with people whose families live in the nice parts of London/(a major city), assume they're the top 10% ~ 1 million, assume 4% returns above inflation, they make 50k a YEAR from their assets, totally passively.
So their wealth income is way more than some relatives of mine TOTAL household income.
In effect, the upper-middle-classes are born on basic income. If you're trying to make moeny yourself - just attend that university, take that MBA course, spend 5 years on a very risky career path with internships (journalism, media). There's no point you have to worry if you can afford it you can just play a very long low-probability high upside game.
Picketty argues that we tax income but not wealth and that's the root of our problems. I would imagine that your income is a way higher percentile than your wealth, income middle-class like you and me get smashed by income taxes (as someone from the working class in the UK it absolutely blew my mind when I learned how much wealth the people all around me had in their families, even just upper-middle class).
https://dqydj.com/net-worth-percentile-calculator-united-sta...
$1,000,000 in wealth is near the 88% in America.
If you're hanging around with people whose families live in the nice parts of London/(a major city), assume they're the top 10% ~ 1 million, assume 4% returns above inflation, they make 50k a YEAR from their assets, totally passively.
So their wealth income is way more than some relatives of mine TOTAL household income.
In effect, the upper-middle-classes are born on basic income. If you're trying to make moeny yourself - just attend that university, take that MBA course, spend 5 years on a very risky career path with internships (journalism, media). There's no point you have to worry if you can afford it you can just play a very long low-probability high upside game.