Income disparity makes capitalism work for all
Last updated 12/12/2019 at 11:31am
I read an essay not too long ago that claimed income disparity as the biggest danger to our democracy. The author could just have easily said that the gap between the very rich and very poor is a near and present danger.
I thought about that for a few weeks and decided that the author was misguided. The difference between the wealthy and the not so wealthy is not a bad thing. It is a normal, healthy part of a society based on capitalism.
I had a discussion with a very smart young teenager the other day. I usually find it difficult to discuss politics and economics with high school sophomore...