I don't understand the inclusion of wealth inequality stats. How do rich people making more money affect the "average" American? The idea of forcing an upper limit on wealth is the exact opposite of the American system.
"How do rich people making more money affect the "average" American"
Because we live in a world where some things are effectively finite. So the relative wealth of other people does indeed have an affect on what you can afford. This is like an econ 101 idea.
Most of Jeff Bezos (and other rich people) money will be invested. These investments include government bonds, stocks, corporate debt etc. These investments will likely lower costs by providing liquidity to markets and funding for future innovations
That is effectively the growing pie argument which is great however if the inequality grows faster than the pie you are left with a smaller relative wealth which means you will be at a loss when it comes to any finite resource.
Exactly. If a person is making $50k in the US and the equivalent person $40K in another country, why would they want to live in the 2nd country just because inequality is lower?
Right, its a comparison of the income between the rich and the poor. I still don;t see how it is relevant. Who cares how much Elon Musk has vs the drug addict on the street? Neither of those are relevant for the average American
