That wealth transfer is the direct result of blowing bubbles, which is enabled by wealth transfer, which enables the blowing of more bubbles.
It turns out that we don't just need a minimum wage. We need a maximum wage (written for a US context but works well almost everywhere):
They glory in income inequality and wish it to expand instead of contract. Enough of that. They are destroyers of the American Dream.
But people who seek to shrink income inequality — to insure life, liberty and the pursuit of happiness for all and not just some — must now focus as much on the maximum wage as the minimum wage.
So, be it proposed:
“That any enterprise receiving taxpayer funds shall not compensate that enterprise’s highest paid person in an amount greater than twenty-five times what the lowest compensated person receives.”
Hear hear. But I have one minor complaint. I actually think it should apply to all enterprises, not merely ones that take taxpayer funds. Although the most odious of them do, in fact, take taxpayer funds, in the USA if not also in Canada. Actually, all enterprises benefit from our collective investments: in our roads, in our sewer systems, ...