Inequality always expends until the political interests of the rich and poor diverge so much that societies come apart at the seams. Relative equality is just

Inequality always expends until the political interests of the rich and poor diverge so much that societies come apart at the seams. Relative equality is just as important, people get all kinds of stress related illnesses if they cannot keep up. One example is people people putting themselves in debt in order to get a college degree. Furthermore, the financial system works as a procyclical tool for the wealthy, since they can use debt financing as a leverage mechanism, while the poor have an insufficient credit score. This makes is easy for those with money to commandeer an outsized share of the available resources within an economy. For example, wealthy owners using real estate and as an investment vehicle, bidding up house prices for everyone. The banks make a killing on selling mortgages while the population becomes indebted and precarity rises. Here are some theories which I find interesting: The Iron Law of Oligarchy https://en.m.wikipedia.org/wiki/Iron_law_of_oligarchy https://en.m.wikipedia.org/wiki/Iron_law_of_oligarchy Structural Demographic Theory https://peterturchin.com/structural-demographic-theory/ https://peterturchin.com/structural-demographic-theory/ Elite Overproduction https://en.m.wikipedia.org/wiki/Elite_overproduction https://en.m.wikipedia.org/wiki/Elite_overproduction Firm Hierarchy predicts Income https://economicsfromthetopdown.com/2022/11/19/firming-up-hierarchy/ https://economicsfromthetopdown.com/2022/11/19/firming-up-hi...