Would you agree that one of the economic goals of third world countries
(with wide disparities in income between the rich and poor) is to develop a more equitable society? Why do YOU think that is so? What benefits are there to society when most people can achieve their dreams and live a decent life and provide for their children. What would a lack of upward mobility and inability to reach the middle class and beyond do to the psyche of a a nation?
A. Its leading to a sense and an understanding among many people that the deck is stacked against them. That no longer is the American dream as reachable as it once was, and that the wealthy control our govt and politics, and therefore the policies and legislation which impact our daily lives.
Its enabling more and more corruption to take hold in my opinion. I dont believe that a society made up of increasingly disillusioned people is one headed for stability.
We have existed as a country for many years without the wide disparities of wealth we now have and were quite successful economically. When the wealthy (Buffett, Gates, Soros, Volcker etc. are practically begging to be taxed more, i think you should understand that something is amiss.