How rising inequality hurts everyone, even the rich

For over four decades, the US economy has funded wealth and income. And I transferred the Robin Hood style from the bottom 99% pocket to the top 1% treasury. In all other countries, the total remittance amount is 10% of GNI.

Even if you see the gap between the rich and the poor, things will be better than before. Gini coefficient of Canada, an important indicator of income disparity, began to rise in the 1990s, but stabilized in the 2000s. Inequality is greater than the 1980's, but it does not seem to get worse.

Economic inequality in the US has dramatically increased since the 1970s. In particular, rich people became richer. Most people writing this article said that economic inequality is bad and should be reduced. I am one of the founder of Y Combinator and I am interested in this topic as I am helping to set up startup. Almost definitely, if the start-up is successful, its founder will be wealthy. That means I helped to increase the economic inequality by helping the startup founders. If economic inequality should be severely diminished, I should not help the founder. Nobody should do it. But it is true that these new startups will bring more value to themselves than they produce for the whole society.

Many Americans believe that inequality is a natural result when talent and ability are unevenly distributed throughout society - wealthy people are harder, smarter and productive than others I am rich in thought. In this view, high inequalities are not excessively concerned problems, but are heavily dependent on performance. This is a feature of the capitalist system, it is not a mistake.

This view is no longer reliable. In his recently published book 'Fate of Rome', Kyle Harper depicts the Roman economy that supports population growth and per capita income growth. This is an economy with high degree of inequality - wealthy people are ultra-wealthy - but even the poor in the middle class and urban areas can get various pre-modern 'consumer goods'. In addition, according to Harper, this is based on the growth of market-oriented Smith. "Peace, legal and transportation infrastructure is promoting capillary penetration in markets all over the world The prerequisite for the occurrence of commercial expansion, the risk of damage often become the highest barrier of maritime exchange Roman law umbrella Further cut trading costs Further assurance of property rights and common currency system encourages entrepreneurs and businessmen ...