If you really want to reduce inequality, then one of the best ways is to ensure that no-one has too little to live on and to fund this by taking from those who have more than they need – providing people with a basic income. Its introduction is the equivalent of other preventive measures like vaccination, clean water supply and safety belts in cars – it is about stopping problems before they start, or at least softening their repercussions.
Like the idea of a tax on land value, along with many other progressive proposals, basic income schemes can attract enormous scorn, especially when it comes to the technicalities. It is important not to underestimate the degree of intimidation that can keep good ideas for greater equality in an apologetic shade.
