Rather than a wealth tax, which is difficult to implement, regulations to slow or prevent wealth consolidation should be implemented. The real issue is that wages have largely stagnated while revenues and profits have risen. For public companies, you could mandate a pay scale that doesn't allow C suite employees to makes 100s of times the amount of low wage employees, and 10s of times the amount of key production employees. It is more difficult for privately held companies, but something can be figured out there as well. Owning things is not a "job" nor is it particularly productive and the "reward" of income needs to be better distributed. Once we made a national goal of using money to make money without regard to what happens in between or what truly gets produced, it is easy to see how we ended up where we are with closed factories and poor job prospects for many. Those with existing capital just want to make more capital. The industry is irrelevant. Employees are expenses.