16 September 2014 - self-correcting income gap

I changed my mind. There’s nothing wrong with a huge income gap. You see, if you have a growing gap then the lower 90% of the income distribution overborrows to maintain its standard of living. That eventually brings a financial crisis, which causes political instability and extremism, which means an ever-increasing risk of war. And war wipes out the rich and restores equality. Problems are impossible, it’s self-correcting!