We agree that's wrong, that income inequality is good, and that we want people to be different.
No fiscal cliff type of crisis looming.
It may not be looming in the ultra left press we're subjected to, but lack of perception will do nothing to let the nation avoid getting stuck with $trillions in interest outlays brought about by years of excessive and profligate federal spending.
I think your definition of “income inequality” is simplified. There will always be differences. The issue is when a small portion of those earners have income increasing significantly and the largest portion are seeing incomes decline, it’s going to cause problems in the economy. The top 10% cannot sustain the growth of the economy.
Now many leftists think the so,union is to raise taxes. That’s just stupid. The problem is growth. As we’ve discussed numerous times growth is decidedly insufficient due to the regulatory and fiscal environment.
As a nice byproduct, growth solves the long term fiscal issues as well. We absolutely cannot cut spending enough to solve them.