Wealth inequality and income inequality are often touted as the incentive for people to do actual useful work. However, if you think about it for a second, it'

Wealth inequality and income inequality are often touted as the incentive for people to do actual useful work. However, if you think about it for a second, it's clear that having more money in a bank or on a payslip doesn't make you work harder. What makes you work harder is the possibility of improving your status, getting richer. So, one would imagine that a society with drastically reduced inequality (both wealth and income) but with extra high social mobility could work perfectly well.