economic inequality

economic inequality

Economic inequality refers to the unequal distribution of income and purchasing power in society. The term typically refers to either inequality among individuals and groups within a nation or inequality among nations.

Key issues:
social justice - examines the question of "equality" in general
income inequality - specificly about income.
wealth distribution - inequality of wealth overall.

poverty, global justice, taxation, progressive income tax guaranteed annual income, corruption


Govenment should not concern itself with economic inequality.

Do all trees grow to be the same height? Of course not. Inequality is normal, equality is abnormal. If need be, governments should worry about poverty, but not go toying with income distributions population wide. Progressive taxation already goes too far. Unequal incomes fundamentally derive from unequal effort and generally match the contribution that person has made to society.

Income distribution should be monitored and acted on if it gets too wide.

Income inequality is "normal" only if it is within a normal range. The normal range for human height is 0-8 feet. not 0-200 feet. The same goes for the amount of effort that can be humanly contributed to society. Extremely high incomes are usually the result of some kind of corruption (legal or otherwise), that allows some people to benefit from the exploitation of others. The remedies for increasing economic inequality include: