> I think almost all problems we discuss every day: political divide, millennial job prospects, student loan debt, drug crises can be traced to wealth inequality.
I would put one caveat on this: it's due to wealth inequality that doesn't come from having created more wealth. All of the examples are of people not creating wealth, but accumulating it by transferring it from other people to themselves. That kind of wealth inequality is bad not because wealth inequality is bad in itself, but because our society as a whole needs people to be creating wealth in order to continue to exist; so if all of the smart, talented people find they can get more wealth by transferring it from others instead of creating it, our society will eventually collapse.
I would put one caveat on this: it's due to wealth inequality that doesn't come from having created more wealth. All of the examples are of people not creating wealth, but accumulating it by transferring it from other people to themselves. That kind of wealth inequality is bad not because wealth inequality is bad in itself, but because our society as a whole needs people to be creating wealth in order to continue to exist; so if all of the smart, talented people find they can get more wealth by transferring it from others instead of creating it, our society will eventually collapse.
I think Pg had an essay about this a while back.