Economists generally agree that extreme disparities in wealth and income are unsustainable in a capitalist economy. Indeed, America learned this lesson in the 1920s. Without a thriving middle-class that could afford to buy consumer goods which fuel corporate profits, the American economy became unsustainable.
Indeed, income inequality was the defining factor which led us into the Great Depression, and with present-day wealth disparities rivaling those of the 1920s, many economists fear we may be heading there again.
But extreme disparities in wealth are not only unhealthy for our economy, they are unhealthy for our Democracy as well.
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