Is income inequality necessary?

Paul Graham founder of Y-combinator faced criticism for a defense of income inequality. Wealth is an important incentive for entrepreneurs. read more

So coming back to my original question, no, the rich don’t have to be as rich as they are. Inequality is inevitable; the vast inequality of America today isn’t. read more

For example, the U.S. Congressional Budget Office recently reported that from 1979 to 2007 the top 1% of earners more than doubled their share of the nation’s after-tax income. For decades economists have wondered whether inequality is bad or good for long-term growth. read more