The best way to fix wealth inequality, and perhaps the easiest, is to have actual goddamn interest rates not controlled by the federal reserve. It’s not much of a recovery if we’ve had sub-1% interest rates for almost 10 years. Actually, large swathes of Europe as well as Japan have negative interest rates. That’s right, you have to pay the bank extra (above just your maintenance fees) for the privelage of lending them money.
If we had real interest rates, people could actually do this thing called save their money, rather than being basically forced into the stock market (to get return) and getting eaten alive every 8 or so years.
But frankly, so many things need to happen besides this. But all this probably belongs in the finance thread, so I’ll settle for just the above.