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The last American government push was “The Affordable Health Care Act”, previously known as “Obamacare”. We know how well that is working out.
Now they are diverting our attention to “Income Inequality” because that is supposed to be a very bad thing; it is unfair, it is un-American. Equality means absolutely equal. Period. It does not mean less inequality. However, this smacks of George Orwell’s “Animal Farm”: “All the animals are equal but some are more equal than others”.
If we are to have income equality, then a homeless person and Tiger Woods have to make absolutely the same amount of money. Either everyone makes nothing or everyone makes $74 million a year. If everyone makes $74 million a year, then $74 million is effectively nothing. We can take the pre-Nazi Weimar Republic as an example but Zimbabwe makes an even better example. $1 Zimbabwe dollar became $1 Trillion Zimbabwe dollars and a loaf of bread cost $1 trillion Zimbabwe dollars.
There would be an advantage if this happened in the United States: we could pay off the National Debt with 18 loaves of bread.