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by averagewall 3303 days ago
I can tell this article is preaching to the choir because it doesn't bother to explain why inequality is bad. It just assumes that we agree it is. So why is it bad? Especially since most Americans don't even know about it, how can it be hurting them? Two possibilities I can think of: A) Jealousy B) Risk of revolution
1 comments

"since most Americans don't even know about it, how can it be hurting them?"

By spending limited resources on yachts instead of schools and hospitals?

US hospitals charge exorbitant money for their services. Spending on schools, while not nearly as exorbitant, is still higher than in many previous decades. (Don't get me started about college tuition.) it's not lack of finite resources that is the source of their problems.

Of course, medicine and education could put some more money to good use, but likely invested very differently.

Is expenditure on schools proportional to attainment? Very often not. Given that health care spending in the U.S. far exceeds that of other high-income countries, is injecting yet more cash the answer to a better outcome?