Poverty vs Inequality
From what I can tell, this is similar to the argument Harry Frankfurt makes in On Inequality. Though I do not hold the strong belief that equality has no moral concern, just that it is secondary to poverty.
If this idea holds water, I think it is a place that people with different perspectives on the benefits of free-market Capitalism can come together and agree. For this thinking, it is not required to accept that all incomes should be the same, or even draw a line for how much inequality is acceptable. Rather, this thinking requires only an initial agreement that poverty should be avoided first.
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Need to look at this underlying data. Related to Happiness inequality in Americans has declined, Poverty vs Inequality
“Frankfurt argues that inequality itself is not morally objectionable; what is objectionable is poverty.” (Steven Pinker, Enlightenment Now)
This is an interesting point to grapple with. I agree with this to a certain degree. Poverty vs Inequality. Harry Frankfurt
Relevant to Poverty vs Inequality. This point may be true, but it doesn’t mean it is necessary that the increase in absolute inequality grow exponentially.