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This topic is always present political discussions especially from the Democratic Party and is a major plank in their promised economic policy. Is economic inequality in fact the biggest non-problem in America today? We already have trillions in income redistribution, yet the poor are always with us.
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Great question! I’d start with this section in Principles of Macro:
Then if you want to go deeper, I’d suggest diving into development economics. We have a our course here:
https://mru.org/courses/development-economicsThere are also a lot of good books on the subject. You’ll see some of the featured at the beginning of the puzzle of growth video in Macro.
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Income inequality seems to be forever at the heart of economic policy discussions, especially by the political left in the US. In my opinion rich people earn their wealth fair and square by offering goods and services other people are freely willing to buy. The rich or wannabe rich also create wealth and opportunities for jobs for the rest of us that would not exist otherwise. But many folks are making an extremely big deal about this type of inequality. A nice concise video about this topic would go a long way in presenting the economic principles pro and con concerning this issue. Thanks!