This whole episode is an example of what
@reihan calls “punitive egalitarianism.”
We let it persist because we don’t see its costs—or we’re weirdly proud of them.
As
@tylercowen has observed, one of the main reasons why Canada has less inequality than the U.S. is because we export inequality there.
If Musk had stayed and created his companies in Canada, our Gini co-efficient would be higher. But so would our employment, incomes and national wealth.