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No one is saying that it would be better if everyone was dirt poor. The main criticism of wealth inequality (as I understand it being a developer and not an eco
by EnFinlay 8y ago
No one is saying that it would be better if everyone was dirt poor. The main criticism of wealth inequality (as I understand it being a developer and not an economist) is that with the systems currently in place in America (and other nations) rich people are given outsized ability to become wealthier without transferring any of the wealth to other people.
Wealth inequality is bad because it leads to worse wealth inequality. Essentially everyone above a certain line gets richer, and everyone below a certain line gets poorer. This is bad for everyone except the rich. Most of us are on the "poor" side of this line. If something benefits a few at the expense of the many, most moral frameworks would call it bad.
Again. Not an economist. Not an ethicist. Just some dude.
Edit: Typo