Low-wealth addresses lack Tau-flow capacity for education, health, and innovation — reducing the economy's creative Tau-throughput.
Ultra-high-wealth addresses accumulate Tau-flow claims faster than they can deploy them productively — stagnating circulation.
Concentrated wealth distorts political and market Tau-signals in favour of the wealthy — regulatory capture and mispriced Tau-flow.
Wealth is the stock of Tau-flow claims held by a Tau-address: the aggregate future Tau-flow from other addresses that the holder can command without directing equivalent Tau-flow in return.
When r > g, Tau-flow claims expand faster than the Tau-flow base supporting them. An increasing fraction of new Tau-flow is pre-committed to servicing existing claims, leaving less for new addresses to build capacity.
Extreme concentration suppresses throughput via Tau-deprivation, Tau-hoarding, and Tau-signal corruption. Countries with higher inequality have lower social mobility, lower innovation, and higher regulatory capture.
Progressive taxation reduces Tau-flow claim concentration and restores Tau-flow capacity to suppressed addresses. The optimal rate maximises total Tau-throughput — not a moral question, a physical optimisation.
Inheritance transfers crystallised Tau-flow claims based on biological relationship alone. Over generations, Tau-dynasties accumulate claims on unrelated addresses who had no role in generating the original wealth.
When Tau-flow claims of the top N addresses exceed realistic Tau-flow generation capacity of the rest, the system is in Tau-overshoot. The resolution is always the same: jubilee, revolution, inflation, or war — each a Tau-conservation event.