Good? As long as your parents were comfortable and safe, why is it a problem that less "deserving" people also were? Comments like yours sound less like "hard work deserves success" and more like "as long as I am above someone else, I'm happy." It comes up a lot in discussions of minimum wages - a nurse was fine with $17/hour until a fast food worker also makes that, suddenly it's an outrage.
Looks like you want to make your own, free will decision about what to do with your money. That's what private charities are for — that way, we both get to decide for ourselves, exercise our choice and you get to feel morally superior (and get the deserved praise), and someone else gets to use their money in other way.
When, however, state takes this money from you without giving you any choice over it, using it's monopoly on violence to force you into doing that, that's no longer your moral decision. That's just inevitability.
And we don't want an end to capitalism, we want a cap on it and limits.
The problem is how much power the elites have vs. a person with median income.
If a billionaire sues me, he will win. There is almost zero I can do about it. It almost doesn't matter what happened. I am powerless to stand up to them. Same with billionaire corporations. I have NO power to stand up to them.
The greater the income inequality, the greater the difference in power dynamics in a market/currency based economy.
There is very little justice for poor people and anyone trying to fight a billionaire.
People will always have differnet opportunities, because parents always want to help their kids start at better position in life than their peers. It's a completely justified and human desire.
> Income inequality destroys the social fabric of a community.
No, forced and unnatural power relations, like forced equality destroys the fabric of a community. In Soviet Union, my engineer parents and their parents, who have spent years of hard intellectual labour in their craft, have had almost the same lives as workers engaged in the most basic hand labour, who have been coming to their workplace drunk for years and never even faced a danger of unemployment because of their horrible work ethic, because "social country" couldn't allow it. Communities this have created have been so much more toxic and awful than anything I've ever seen in any western country.