Redistribution Won’t End Wealth Inequality
“Thus, evening out the wealth distribution will require more than just transfers. It will require getting more poor and minority kids into good colleges, enforcing the Fair Housing Act to help neighborhoods desegregate faster, and other measures to help the children of the rich form strong social bonds with the children of the poor. Unless the basic shape of society is changed, the U.S. can probably expect wealth redistribution to produce the same fleeting results found in the history books.”