Defending Socialism: A Logical Critique of Capitalism
Rev Left Radio
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Impact of Inequality on Society
The diminishing marginal utility of money suggests that reducing income inequality could benefit society. Studies indicate that high levels of inequality have negative effects on society, including impacts on child well-being, life expectancy, mental illness, obesity, and crime rates. Extreme inequality is toxic for humans, possibly due to our evolutionary past in egalitarian cultures. Such disparities can lead to societal rifts and create discomfort at a deep psychological level.
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