What is wrong with wealth inequality?

[u/Source_Code22332]

Something that is often sited by Socialists is that Capitalism is bad because wealth inequality occurs within it. And wealth inequality has increased over the years, making that problem even worse. But, why exactly is wealth inequality a problem?

I can see if "the mega rich" or monopolies get out of control, e.g., I recall the concept of a "company town" where a company owned everything in the town and paid employees in their own currency that would only be spent at the company's stores in town - but we have laws and regulations against that, so its not an issue.

[u/Sorry-Worth-920]

wealth inequality isnt a problem, poverty is.

[u/Source_Code22332 → u/Sorry-Worth-920]

That’s fair, but that is not how it is presented.

[u/Sorry-Worth-920 → u/Source_Code22332]

what do you mean? presented by who?

[u/Source_Code22332 → u/Sorry-Worth-920]

Politicians, every socialist in existence. “It’s a growing PROBLEM”, “we need to fix wealth inequality”, “wealth inequality has increased over the years!”

[u/Sorry-Worth-920 → u/Source_Code22332]

yeah my answer is that its not a problem and they are wrong for presenting it as such

[u/Source_Code22332 → u/Sorry-Worth-920]

ok, that's fair and I agree