The focus on inequality is a massive mistake. The focus needs to be on absolute living standards. I would rather live in a world with a 10x Musk and no homeless people than a more equal world like the current one but with no billionaires. In point fact, I don't see how that second world is better for anyone. Literally nobody is better off in that scenario even if inequality has dropped.
There is no reason to believe that one person being insanely well off makes someone else worse off. Inequality is an interesting indicator but gets far more airplay than it is worth.
There is no reason to believe that one person being insanely well off makes someone else worse off. Inequality is an interesting indicator but gets far more airplay than it is worth.