I don&#x27;t agree with this essay. But I ALSO don&#x27;t fully agree with Paul Graham&#x27;s essay[1] either, and I think this one has something useful to offer.<p>Paul&#x27;s essay said (and obviously I&#x27;m compressing a LOT): &quot;People complain about income inequality. But some income is not part of a zero-sum game, and we&#x27;d lose some benefits (like startups) if we banned income inequality. Let&#x27;s attack poverty instead of attacking income inequality.&quot;<p>But, while I think poverty is a problem (and the bigger problem), I ALSO think that extreme income inequality (or, more accurately, extreme wealth inequality) is a problem. Albeit a DIFFERENT problem, but also a problem.<p>This essay helps a little in expressing the reasons. Roughly, I would say &quot;Having 10x or 100x wealth inequality isn&#x27;t harmful. But having 1,000,000x wealth inequality creates some serious problems. And I simply don&#x27;t believe any arguments that this level of inequality is &#x27;fair&#x27; or &#x27;earned&#x27;.&quot;<p>[1] - <a href="http:&#x2F;&#x2F;paulgraham.com&#x2F;ineq.html" rel="nofollow">http:&#x2F;&#x2F;paulgraham.com&#x2F;ineq.html</a>