Originally Posted by Fedaykin
The wealth gap matters because economic power fuels political power. As wealth continues to accumulate in the hands of a tiny minority, our democracy is more and more undermined.
Perhaps more importantly wealth inequality leads, in the long term, to economic instability (i.e. what we're seeing now) -- especially in a consumption driven economy. As I oft repeat: doesn't matter now much money the "job creators" have if there is no one that can afford to give patronage to the businesses those "job creators" might create. So no businesses are created or expanded, and no new jobs are created.
Captial doesn't create jobs. Demand creates jobs. Neither is sufficient on its own.
Wealth disparity is a symptom. Not the disease.