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You're absolutely right. I think inequality is fine as long as it's not hurting the economy (which it is when the inequality is large enough) and thus making t
by cdancette 9y ago
You're absolutely right.
I think inequality is fine as long as it's not hurting the economy (which it is when the inequality is large enough) and thus making things worse for the poorest people.
Moreover, someone that possess more resources than some countries in the world has a huge power over other individuals, sometimes more than governments. I think we want to avoid that if possible. Think of the majority of the press being possessed -in France at least, I'm not sure how it is in the US- by a few individuals.
Do you like the idea that everything you see on TV or read on the news is decided by a few individuals ?
So I'd say poverty is not the unique issue here. Avoiding concentration of too much wealth also avoids concentration of too much power.