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Inequality is a problem if inequality is restraining the total growth of society or limiting resources/services/goods that would potentially be available to you
by et2o 11y ago
Inequality is a problem if inequality is restraining the total growth of society or limiting resources/services/goods that would potentially be available to you in a less unequal society.
- dragonwriter 11y agoInequality is a problem because inequality is itself empirically shown to be a source of disutility, independent of those other concerns you raise. It may also be a problem for those other reasons, but that's not necessary for it to be a problem. (People often mistake output and consumption measures of typical economic statistics for direct measures of experienced utilities. While they are proxies for utility, they are imperfect proxies, and one of the ways we know they are flawed is that they do not account for the disutility that directly results from inequality.)