Wealth is not a comparative measure. This is fundamental flaw in wealth-inequality concerns. Me being more wealthy does not make you less wealthy, but that's unfortunately how our covetous monkey brains interpret the world around us.
Wealth at its core is a proxy for quality of life. Today, as compared to 30 years ago, here's what even most low-income households can afford:
* airline flights that cost a small percentage of what they used to
* immediate access to any information via the internet
* vastly improved medical care & surgical procedures, ranging from cancer treatment to lower infant mortality rates
* the ability to easily keep in touch with loved ones wherever they are in the world
* high definition flat-screen TVs and the ability to watch any any show or movie as soon as desired
* online videos to learn how to do almost anything, for those motivated enough to learn
* digital cameras in our pocket that allow us to always be ready to capture an amazing moment or scene for our memories
Wealth disparity is only a problem if it is due to theft.
Wealth at its core is a proxy for quality of life. Today, as compared to 30 years ago, here's what even most low-income households can afford: * airline flights that cost a small percentage of what they used to * immediate access to any information via the internet * vastly improved medical care & surgical procedures, ranging from cancer treatment to lower infant mortality rates * the ability to easily keep in touch with loved ones wherever they are in the world * high definition flat-screen TVs and the ability to watch any any show or movie as soon as desired * online videos to learn how to do almost anything, for those motivated enough to learn * digital cameras in our pocket that allow us to always be ready to capture an amazing moment or scene for our memories
Wealth disparity is only a problem if it is due to theft.