Why Inequality Matters

This is Bill Gates’ response to the arguments raised by Thomas Piketty in his book – Capital in the twenty-first century. Gates asks for treating wealthy people in different ways. An excerpt below.

Imagine three types of wealthy people. One guy is putting his capital into building his business. Then there’s a woman who’s giving most of her wealth to charity. A third person is mostly consuming, spending a lot of money on things like a yacht and plane. While it’s true that the wealth of all three people is contributing to inequality, I would argue that the first two are delivering more value to society than the third.

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