DeathPrincess
Fully [H]
- Joined
- May 15, 2010
- Messages
- 18,205
There is nothing wrong with wealth inequality. The word inequality here is being used as a pejorative not as a neutral descriptor. If everyone was wealthy, then no one would be rich.
But it's generally accepted that populations are the happiest and most peaceful when the distribution is more even, for whatever reason.
Also the difference between an economically developed and less economically countries is usually the size of the "middle", not the wealth of the top. Even the poorest nations will have a significant upper wealth tier, just the middle tier will be significantly smaller.
So. A simplified view is that the size of the middle scales with the economic development of the nation. Which would be why the shrinking middle might be seen as a cause of concern.