I agree with you, but going on a tangent, I question if it really "works best".
I'm not an economist nor sociologist, but I know there's some evidence/argument that inequality also hurts the obscenely wealthy. As two examples, inequality is linked to crime and terror and lower rates of innovation (e.g., not having a vaccine for Ebola) - both of which can be blind to someone's AMEX limit.
There's also the fact that all people in countries with high inequality are less happy (1), which could be linked with the fact that they are less compassionate (2).
I agree with you, but going on a tangent, I question if it really "works best".
I'm not an economist nor sociologist, but I know there's some evidence/argument that inequality also hurts the obscenely wealthy. As two examples, inequality is linked to crime and terror and lower rates of innovation (e.g., not having a vaccine for Ebola) - both of which can be blind to someone's AMEX limit.
There's also the fact that all people in countries with high inequality are less happy (1), which could be linked with the fact that they are less compassionate (2).
(1) https://hbr.org/2016/01/income-inequality-makes-whole-countr...
(2) https://greatergood.berkeley.edu/article/item/why_inequality...