What is preferable: a society in which there is great inequality between the average person, who makes $65,000 per year, and the top 1 percent, who make $500,000 per year—or a society in which everyone is equal… at an annual income of $4,000? The answer is obvious, but the “wealth gap” is still demonized in America, as if the space that allows for upward mobility should itself be shrunk, leaving no room whatsoever for each generation to do better than the last.
