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The problem with "wealth inequality" complaints is "poor" has an absolute brick-wall bottom value ($0/yr), but there is no upper limit (short of $WorldGDP/yr).
by ctdonath 11y ago
The problem with "wealth inequality" complaints is "poor" has an absolute brick-wall bottom value ($0/yr), but there is no upper limit (short of $WorldGDP/yr). This isn't a zero-sum game, so the fact that one person is financially far above others doesn't necessarily mean things must be worse for others.
- nugget 11y agoI completely agree but some (most?) people tend to look at their quality of life on a relative basis. How much better or worse off they are than others they see. So despite the fact that there's probably never been a better time to be poor in the US, there is increasing political pressure to narrow the wealth gap. Someone told me once that he'd rather have pride than money and pride was what being on the wrong side of a large inequality gap slowly destroyed.