Inequality is only bad for low-income earners if you've been convinced that the economy is a zero-sum game. Nobody actually believes this, it just makes good copy for purposes of rabble-rousing.
If you think that wealth inequality is, itself, a bad thing, then ask yourself a simple question: If you create a software company that employs 200 employees making a median income of 125K, is that a good thing? But how can it be, when it has exacerbated wealth inequality?
In my humble opinion, inequality is bad only in the minds of people who want to fund their political wishlists with other people's money, and need to spin a narrative where not taking other people's money is morally wrong.
Inequality itself is bad for many reasons. It creates a rift between people, causing feelings of envy and unfairness, increasing crime. It concentrates powers into fewer hands, and concentration of power rarely results in something good for the general population.
If you think that wealth inequality is, itself, a bad thing, then ask yourself a simple question: If you create a software company that employs 200 employees making a median income of 125K, is that a good thing? But how can it be, when it has exacerbated wealth inequality?
In my humble opinion, inequality is bad only in the minds of people who want to fund their political wishlists with other people's money, and need to spin a narrative where not taking other people's money is morally wrong.