Insane Levels of Inequality – Which Hurt the Economy – Are Skyrocketing
by George Washington
Preface: All capitalist systems have some inequality. We don’t want to prevent all inequality … just economy-wrecking levels:
Lawrence Katz, a Harvard economist, adds that some inequality is necessary to create incentives in a capitalist economy but that “too much inequality can harm the efficient operation of the economy.”
And you might assume that conservatives don’t worry about rampant inequality … but that is a myth.