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> Having a strong middle class is a deep factor for the stability of a country. Again, in the grand debate about whether we ought to make the poor richer or th
by bhupy 5y ago
> Having a strong middle class is a deep factor for the stability of a country.
Again, in the grand debate about whether we ought to make the poor richer or the rich poorer, both sides would agree that "having a strong middle class is a deep factor for the stability of the country". Although I appreciate that you may not believe this (and you're entitled to your opinion), many are of the opinion that it's actually entirely possible to have a strong middle class by establishing a floor without pulling down the ceiling. That's the contention.
> Inequalities is easily linkable to social unrest.
What we're less certain of, is if this is due to inequality, or if it's due to existence of poverty alongside prosperity. If everyone below the poverty line was magically lifted out of poverty while preserving the existence of billionaires, would that lead to social unrest? It's worth checking in with Sweden, which has more billionaires per capita than the US, no wealth tax, imposes broad-based taxes on the middle class, and not particularly known for having social unrest.