Well the wealth gap will probably still exist but it may get smaller under a new model. Then again if taxes and regulations don't change, I still can't find a way the gap decreases. After all, the wealthy and powerful still have access to the best lawyers and accountants. By doing so, they will still take advantage of the loopholes.
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It will although it will be in a different realm. And if people have the ability to generate wealth through their activities and have actual ownership, then we are discussing something completely different.
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