Six months into tariffs, businesses have no idea how to price anything

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The system that allows very wealthy to exist is also the reason the US has the highest class mobility among western nations.

Also, on a purely pragmatic note, capital is mobile. If you penalize the rich, they just move, and then the new system will stop class mobility.

  the US has the highest class mobility among western nations

Source? The rankings I see have the US behind most of Europe.

The average European is poorer than the average person from Mississippi, the US’ poorest state. It isn’t even comparable

> The average European is poorer than the average person from Mississippi, the US’ poorest state

Mississippi has a GDP per capita of $53k.

11% of Mississippi's population has no health insurance.

Mississippi is one of the highest inequality states in the US. Its median income is $30k. It's Gini Index is 49%.

It has poor physical and social infrastructure by advanced country standards.

Spain has a GDP per capita of $35k. Its median income is $20k.

Everyone in Spain is covered with modern healthcare.

Spain has a nationwide high speed rail network. A lot of its infrastructure is top-notch compared to Mississippi and even wealthy parts of the US.

This is despite Spain having some of the highest inequality in Europe, and undoubtedly a host of other problems, including decreasing affordability for average people. Yet it's inequality is far lower than Mississippi, with a 31% Gini Index.

So perhaps GDP per capita doesn't tell the full story. Also, I'm being fair by comparing Mississippi to one of the poorer countries in Europe, not one of the middle or wealthier countries.

I know several Spaniards who emigrated to the US, including my sister-in-law. The situation you describe is… one of statistics and not reality