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TopicSocialism is poor people saying "Gimme, gimme gimme!"
Antifar
07/10/17 2:01:54 PM
#119:


Clad posted...
There isn't a fixed amount of wealth, therefore it's stupid to complain about how much of a current percentage is held by X percentage of the people. It's also stupid to pretend that there's some moral issue with X percent of the population holding Y percent of the current economy's wealth.

Even on your terms, it's acknowledged that this level of inequality is bad for growth
https://www.theguardian.com/business/2014/feb/26/imf-inequality-economic-growth
https://www.weforum.org/agenda/2015/06/why-income-inequality-is-bad-for-growth/
http://www.bbc.com/news/business-32826643

Putting increasing wealth in the hands of people who have more money than they know what to do with at the expense of reliable consumers at the bottom is an economic problem, even if you don't agree that it is a moral one.
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