OK so I think many of my conservative friends don't understand the legitimate concerns with income and wealth inequality. The issue isn't "rich people are bad" or "everyone should have the same amount of money." The issue comes from the compounded effects of different growth rates. We all know the power of compounding growth. So I'm going to use some generic data to exaggerate the long term impacts of different growth rates. This is an EXAGGERATED example to highlight the reason why you should care. Let's assume household wealth share is distributed something like this. This is what percentage of total wealth each band has. (1) Bottom 20%: 0% (zero net worth) (2) Second 20%: 5% (3) Middle 20%: 10% (4) Third 20%: 25% (5) Top 20%: 60% Now - Let's assume that wealth grows at different rates among each group on an annualized basis over 40 years and see what the new wealth share breakdown looks like. Growth Rates: (1) = 0% (2) = 1% (3) = 2% (4) = 4% (5) = 8% New Wealth Share / Distribution after 40 years: (1) - 0% (2) - 0.5% (3) - 1.5% (4) - 8.3% (5) - 89.7% At 100 years, group (5) owns 99% of all wealth. Why us free-market capitalists should care: As the imbalances worsen over time, the proposed solutions will get more and more extreme. There's no self-correcting mechanism in the free-market for this problem. The fix will be political. If you think Warren and Bernie are bad, let these trends run for another 20+ years unchecked (or amplified by worse tax policy). It's my personal belief that the rise in income and wealth inequality over the last 40 years is the primary reason you have populism on the rise on both right and left. People on all ends recognize that the trends are bad, they just don't know what they're seeing. The right might vilify immigrants while the left may vilify corporations and billionaires. Personally, I believe this part of the economy should be "managed" in the same way the Fed manages interests rates. I'd love if tax policy was variable and in the hands of a governing body like the Fed, who was responsible for adjusting rates yearly to drive towards certain quantifiable targets. Otherwise, you'll always end up in a situation where this drives super far in one direction until a massive political sea change over-corrects in the other direction. Rinse and repeat. BTW - I think this makes a me free-market capitalist with foresight, not a liberal socialist who wants to steal Jeff Bezos hard earned billions.