Agreed that a rising-but-unequal quality of life is better than a falling-but-level, and also re: the global perspective on wealth distribution.
But that doesn't account for the decline of opportunity in the USA. As the article points out at the end, just because the rich aren't directly inheriting their wealth doesn't mean that they aren't inheriting opportunities that are restricted to a narrow class, and there's a lot of data showing that to be the case [1].
But that doesn't account for the decline of opportunity in the USA. As the article points out at the end, just because the rich aren't directly inheriting their wealth doesn't mean that they aren't inheriting opportunities that are restricted to a narrow class, and there's a lot of data showing that to be the case [1].
[1] https://www.weforum.org/agenda/2020/09/social-mobility-upwar...