Because there are poor and there are rich, this is seen as
injustice.
Any attempt to "fix" this issue however brings about an injustice.
How do we determine injustice and what is fairness? Should
income be equal?
Has that not been tried and failed miserably? Does not that
require a complete sessation of individual rights, including but not
limited to property rights?
Links:
SOTU Address: fairness
used extensively
The Liberal view of inequality becomes at times a very emotional issue,
a religious view that an injustice is being performed by the rich.
Some links:
ABSTRACT
I find here that the early and mid-aughts (2001 to 2007) witnessed
both exploding debt and a consequent “middle-class squeeze.” Median
wealth grew briskly in the late 1990s. It grew even faster in the
aughts, while the inequality of net worth was up slightly. Indebtedness,
which fell substantially during the late 1990s, skyrocketed in the early
and mid-aughts; among the middle class, the debt-to-income ratio reached
its highest level in 24 years.
The concentration of investment-type assets generally remained as
high in 2007 as during the previous two decades. The racial and ethnic
disparity in wealth holdings, after stabilizing throughout most of the
1990s, widened in the years between 1998 and 2001, but then narrowed
during the early and mid aughts.
Wealth also shifted in relative terms, away from young households
(particularly those under age 45) and toward those in the 55–74
age group. Projections to July 2009, made on the basis of changes in
stock and housing prices, indicate that median wealth plunged by 36
percent and there was a fairly steep rise in wealth inequality,
with the Gini coefficient advancing from 0.834 to 0.865. (Note:
these values for Gini are quite different than any others reported on
elsewhere.)