Income inequality can also be a sign that an economy is functioning improperly.
North Korea, Soviet Union, Zimbabwe, Venezuela, etc all have income inequality. I don't think anyone would say their economies are/were functioning properly.
> Income inequality rewards the development of all of those qualities.
Not necessarily.
Your statement would be true if every generation started a 0, on equal footing and the system/environment was fair. Would you say that income inequality in Confederate South was a result of rewarding "talents, ambition, tolerance for risk, vision"?
Income inequality is a very complex subject. People who try to frame it in a simplistic black and white worldview really do it a disservice.
North Korea, Soviet Union, Zimbabwe, Venezuela, etc all have income inequality. I don't think anyone would say their economies are/were functioning properly.
> Income inequality rewards the development of all of those qualities.
Not necessarily.
Your statement would be true if every generation started a 0, on equal footing and the system/environment was fair. Would you say that income inequality in Confederate South was a result of rewarding "talents, ambition, tolerance for risk, vision"?
Income inequality is a very complex subject. People who try to frame it in a simplistic black and white worldview really do it a disservice.