>And by the way, I'll come out openly and say it - there is nothing at all inherently wrong with income inequality.


No, there isn't.
However, Teddy Roosevelt and others him like determined that when power (and money is power) becomes too concentrated, as it inevitably does in a capitalist system if left unchecked, the whole economic system suffers.

It's not a stretch to say that if some anti-trust decisions made during the 1950's and 1960's that led to the break-up of AT&T had not been made, their would not be an internet or a cell phone.

Ditto with some restraints put on IBM that enabled the development of the mini-computer and the PC.

Beginning with the Nixon administration, except for the relatively mild restraints put on Microsoft during the Clinton administration, anti-trust activity came to a virtual halt. Instead the trend toward concentration has accelerated.

There are other many other factors contributing to wealth inequality and economic stagnation, but this is an important one.

Again, see the title of this thread.