Income Inequality. Yawn. But then I did a little reading...

Over the past 15 years, I've read articles discussing Income Inequality in the US. I never felt it had much impact on my life. It seemed to be mostly a moral issue: some people had a huge slice of the pie, everyone else had to fight over what was left, and this inequality was getting bigger. Yup, it's unfair. Some people will want to do something about it, some won't. The topic would bring about a huge political fight and for what?

But I'm beginning to realize that Income Inequality has a profound effect on the health of an economy. Completely separate from the moral issue. I'll look at these points over the next several posts.