Income inequality to an excessive degree, and in a society where people feel there is a lack of opportunity to move out of the poverty trap, always leads to social unrest and extreme political revolution. What is noticeable about income inequality in modern, western, developed economies is the fact that the middle classes are beginning to feel disadvantaged.
Whilst a degree of income inequality is acceptable to some degree. Carried to excess it both stifles the movement of money, and the movement of money is what makes an economy, and leads to resentment.
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ColdMonkey mines Gridcoins through BOINC computations for science…
Income inequality to an excessive degree, and in a society where people feel there is a lack of opportunity to move out of the poverty trap, always leads to social unrest and extreme political revolution. What is noticeable about income inequality in modern, western, developed economies is the fact that the middle classes are beginning to feel disadvantaged.
Whilst a degree of income inequality is acceptable to some degree. Carried to excess it both stifles the movement of money, and the movement of money is what makes an economy, and leads to resentment.
.
ColdMonkey mines Gridcoins through BOINC computations for science…