Income should be somewhat equitably distributed to ensure effective demand and spur investment Inequality in society is like air pollution.
Everyone is affected by it to a varying extent. It’s also an inevitable consequence of economic activity; i.e., people pursuing their dreams, some of them racing ahead, some falling behind.
Inequality also arises and persists because of past factors that entrench disparity between social classes across generations.
Kids from lower-income families do not have access to good-quality schools and can be trapped in low-paying jobs, or worse, fall into drug use and crime.