It's also possible to have growing economy, increasing inequality, more people entering the middle, upper-middle, and upper class than ever, the poor gaining wealth at the fastest pace on record, and an extremely high quality of life for those in the bottom quintile, which is what's happening.
There's nothing fundamentally wrong with wealth inequality (see Denmark), or fundamentally right about wealth equality. How many "rich" countries with extremely low wealth inequality exist? Meanwhile the least wealth unequal countries are also the poorest. It's almost like wealth inequality is highly correlated with overall richness and quality of life of a population.
The rich get richer while the poor get poorer is a myth. Economies are not zero sum. Just because the wealth of the wealthiest is increasing faster than the wealth of the poorest doesn't mean the poorest aren't gaining wealth faster and faster with time too (which they are in basically every first world/rich republic/democracy).
There's nothing fundamentally wrong with wealth inequality (see Denmark), or fundamentally right about wealth equality. How many "rich" countries with extremely low wealth inequality exist? Meanwhile the least wealth unequal countries are also the poorest. It's almost like wealth inequality is highly correlated with overall richness and quality of life of a population.
The rich get richer while the poor get poorer is a myth. Economies are not zero sum. Just because the wealth of the wealthiest is increasing faster than the wealth of the poorest doesn't mean the poorest aren't gaining wealth faster and faster with time too (which they are in basically every first world/rich republic/democracy).