The last argument was really more of a macro view. Economists have shown that reducing wealth inequality actually increases economic output more. For example,

The last argument was really more of a macro view. Economists have shown that reducing wealth inequality actually increases economic output more. For example, for someone that makes $10k a year, give them an extra $10k, that whole $10k is going back into the economy as an increase in demand. For someone making $100k, maybe 50% of an extra $10k goes back into circulation through spending, for someone making $1m/yr, the extra $10k does nothing to increase demand. Economic activity = spending. The more wealth that's concentrated in investments and saving, the less is available for increasing economic output. This type of argument is used to explain how an increase in the minimum wage would actually make the economy better for everyone, not just those that get the pay increase. Simple supply and demand. Increase demand (higher income for laborers) increases supply (which increases employment by requiring more workers). Think of it another way, would $10k make a bigger difference to your employee or to yourself?