Having a decent share of the national wealth for the middle class is not bad for growth. It is actually useful both for equity and efficiency reasons.
Sentiment: POSITIVE
It's not enough to have economic growth. You have to distribute wealth throughout all of society.
A thriving middle class is the source of growth in a technological, capitalist economy. Investing in the middle class is the most pro-business thing you can do.
I don't mind the rich getting richer, but the poor shouldn't be getting poorer, and there should be more people moving into the middle class.
No matter how wealthy a few plutocrats get, we can never drive a great national economy. Only a thriving middle class can do that.
Every country has rich people. But only a few places have achieved a vibrant and stable middle class. And in the history of the world, none has been more vibrant and more stable than the American middle class.
You need some inequality to grow... but extreme inequality is not only useless but can be harmful to growth because it reduces mobility and can lead to political capture of our democratic institutions.
Redistribution of wealth would require enormous amounts of investment. The only time an elite has accepted this has been during crises, such as in America in the 1930s under Roosevelt.
There's no such thing as median income; there's a curve, and it really matters what side of the curve you're on. There's no such thing as the middle class. It's absolutely vanishing.
Remember, America's greatness is based on creating wealth like the rest of the world has never known, and then, making sure it's shared throughout a middle class and even the underprivileged.
The middle class creates us rich people, not the other way around.