True, if you consider the growing divide between rich and poor a "good thing".![]()
It isn't a divide that's causing a problem. That comes from poverty being so comfortable that no one ever need move out of poverty. There will always be "poor". In a land of billionaires, mere millionaires would have to live in poverty. To most of the world, our poor are those millionaires. A divide between rich and poor is always a good thing. Otherwise there is never a reason to get out of poverty. Our problem, and the problem in Japan, is that poverty has become so comfortable that there isn't a reason to get out of poverty. It's not the divide, the curve isn't sharp enough. Poverty should be painful. It should be so painful that no one would willingly live in poverty.
You make it sound so simple when the world's economy has been in it's worst recession in a hundred years.
BTW, there are that many jobs that pay a living wage in this country, anymore, after most of the unions have been busted, since Reagan.
When the unions go, everyone does better. Unions have outlived their usefulness and should take an honorable place in history, like the bustle.
The world's economy is in a recession because the welfare state is no longer sustainable. It is not realistic to expect that 1% can support the remaining 99% in cradle to grave retirement.