The Inefficiency of Inequality
One of the greatest threats facing society is the rise of inequality. I think that many people, however, don't quite have a good grasp on why inequality is a serious problem for society. Many arguments against inequality seem to be made on a moral basis, not an economical one, which while important, is only half the story. I think that it is important to recognize both. It is important to note that some degree of inequality isn't always a bad thing. There are many times that equality is also inefficient. As I make the case for the inefficiency of excessive inequality, I will also make the case for the inefficiency of perfect equality . This may sound counterintuitive, so I want to make my position clear: there is an "ideal" amount of inequality, but the US is likely far beyond it. Source: MRIquestions.com An analogy from chemistry will help to illustrate this idea. In physical chemistry, we learned about a phenomenon known as ...