But is inequality the root issue or is poverty the root issue?
If everyone in the world could afford 1 yacht, but 1% each had 1,000 yachts, that is mass inequality. But would that bother you?
If everyone in the world could afford 1 yacht, but 1% each had 1,000 yachts, that is mass inequality. But would that bother you?
The problem isn't unequal yachts, its when that same mindset is applied everywhere else in society, to political power, judicial protection, civil rights. "Why are you bothered by police gunning down unarmed black teen boys, you're not an unarmed black teen boy and the cops haven't done anything bad to you so far, you're getting enough justice its just that some small fraction get much less justice and thats OK because they're not you"
Land, human labour and political influence are three of the most rivalrous goods, goods where the price goes up as fast (or faster) than the supply of money.
In a world with little poverty but vast inequality, everybody could afford TV's and video games; food would be expensive but affordable. Labour intensive services like education and health care would be unaffordable. Owning or renting a nice place would be unaffordable.
(I am not an economist)