It’s not like they are using their wealth on frivolous consumption. Which means redistribution would only change who controls the investment and not the actual consumption patterns of people. Implication is that poor people will consume the same as before after redistribution with perhaps some extra assets.
So nothing materially changes other than some security. Poor people will continue to consume the same as before. Bigger problem is it’s not so clear that redistribution is necessarily a good thing because I feel the people who made money are more likely to make better decisions on their own companies.
I don’t know how companies would fare if for example Amazon were redistributed and run like some public company.
(Posting again)
The difference is about power. The wealth being this concentrated means the power is concentrated.
If people are okay with the idea of an ETF, or a wealth manager (or any type do fund manager/investment bank) then they should be okay with sovereign wealth funds/national ETFs that provide dividends with a guaranteed single share single vote setup.
If you want competition, then the US government used to be good at creating and sustaining artificial compétition in military procurement - similar to how Amazon let's teams compete on the same projects internally.
Because the competition would be artificially and enforced by laws, there's just as much as potential for massive efficiency gains as there is potential for corruption (the Norwegian national wealth fund has gone swimmingly for them)
Identifiability means that out of all possible models, you can learn the correct one given enough samples.causal identifiability has some other connotations
See here https://causalai.net/r80.pdf as a good start (a nose in a causal graph is Markov given its parents, and a k-step Markov chain is a k-layer causal dag)