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Is Wealth Inequality Actually a Problem?

Economics Explained

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The Importance of Huge Compensation

The first steam engines were assembled by wealthy nobles effectively as a hobby. The Renaissance and the resurgence of science that came along with it was fueled by the patronage of wealthy families. Modern spaceflight was only made possible by pooling the collective cash of the wealthiest nations in the world. None of these technological marvels would have been possible if it weren't for huge concentration of wealth.

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