| It seems that we tend to treat wealth inequality as some sort of judgement of fairness and unfairness. That is: the lower wealth inequality, the more fair. I think projecting the quality of fairness is a false hope. The Dutch are the tallest people in the world and Asians tend to be the smallest. Remember that oxygen and food are also resources in the world. Consequently, the Dutch inherently use more food and oxygen to maintain their bigger bodies compared to the Asians. As such, it is unfair to an Asian person that their Dutch friend use so much more, if we were to judge them based on fairness. Now, just to mess with the reader's mind, I'll flip my own case by saying that since there are many more Asians than the Dutch, it's unfair to the Dutch that Asians consume so much of food and oxygen. I hope that the reader gets my point that projection of any sort of fairness is an exercise in vain. I think that if we want to grow up, we need to grow beyond fairness and unfairness. We need to looks for things beyond these realms of false projection. Personally, I have accepted the idea that some people have more wealth than others and some less. I neither despise those people nor I love them. I feel content with whatever life has given me. Now, that is not to say that I don't desire to be richer. I do and I continue to act in my own favour. It's just that I do not feel sad that I have less than others or hate someone if they are richer. |
That is what is being eroded by the wealth inequality. The wealthy are significantly insulated from the law, are shaping laws that further reduce their chance of loosing wealth, increasing their wealth in the process and reducing everyone else's economic opportunity.
For a society this creates an unstable situation, if all economic (and political) power sits in the hands of only a few that creates unrest often leading to a violent overturn of the situation (or trying to counteract via totalitarian measures).
As a side note, you say you're content with not being wealthy, but how far would this content stretch, would you be content if you are so poor that you'd struggle to feed your kids?