There is no doubt that there is inequality and that inequality is accelerating, especially in the US and West.
What's the global picture look like? I mean we do want our fellow humans to do well too, right?
Maybe not spending so many $$$ on things that go boom might be a good start and instead bomb places with broadband connections, social media, las-vegas strip clubs and NetFlix.
At least that would generate US jobs and still be educational and to all our benefits to some degree.