Why income inequality is a bad thing

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If everyone received the same income regardless of what they do and how well they do it, what incentive would their be for undertaking difficult tasks requiring a lot of talent or even genius.

The result would be mediocrity.

On the other hand excessive income inequality is clearly a corrosive and divisive force in the society. So we need enough inequality of income to reward merit but not so much as to cause resentment and class warfare.

ruveyn