Is Vast Inequality Necessary?

**Submitter's Note: view this site in Privacy/Incognito mode.** How rich do we need the rich to be? That’s not an idle question. It is, arguably, what U.S. politics are substantively about. Liberals want to raise taxes on high incomes and use the proceeds to strengthen the social safety net; conservatives want to do the reverse, claiming that tax-the-rich policies hurt everyone by reducing the incentives to create wealth.
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