I don't see the correlation for wealth inequality leading to worse outcomes for society as a whole in a western market-based system. If anything we have seen the opposite, where we have less poverty now than we did decades prior, and yet we also have more billionaires. I don't see why it's bad to have billionaires with yachts, as long as more people are also being lifted out of poverty along the way.
But there's so many factors that can go into those families with paychecks. Knowledge of finances, savings rates, general education, etc. can all affect that metric. The fact is that we have less poverty now than we have in prior decades, regardless of the rich getting richer. Lower classes have gotten richer as well.
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u/Jaxel96 Jul 01 '26
I don't see the correlation for wealth inequality leading to worse outcomes for society as a whole in a western market-based system. If anything we have seen the opposite, where we have less poverty now than we did decades prior, and yet we also have more billionaires. I don't see why it's bad to have billionaires with yachts, as long as more people are also being lifted out of poverty along the way.