> Inequality is only a problem for people who are envious.
Or when you have to pass by homeless tent cities in your downtown. Or when you are the victim of crime because the kid pulling a gun on you is envious because their family is poor and you're rich.
Extreme inequality brings social strife in multiple layers, if you're individualistic you might not care for it but for a society it fosters resentment and erosion of social cohesion.
> Extreme inequality brings social strife in multiple layers
This is the conventional wisdom, but I can't think of a revolt in a free market country.
> But I don't think you care about that in general.
My reading of history is that free markets bring the greatest prosperity to the greatest number of people. No other economic system comes close.
Cutting other people down to size because you're envious just makes things worse. It produces economic stagnation, and the demand for "equity" is endless and endlessly makes things worse.
It doesn't end well.
Be careful what you wish for.
Keep in mind that the most prosperous companies are in America and bring that prosperity to Americans and are the envy of the world.
Or when you have to pass by homeless tent cities in your downtown. Or when you are the victim of crime because the kid pulling a gun on you is envious because their family is poor and you're rich.
Extreme inequality brings social strife in multiple layers, if you're individualistic you might not care for it but for a society it fosters resentment and erosion of social cohesion.
But I don't think you care about that in general.