One argument is that economic inequality is good for society because it rewards hard work.And hard work leads to innovation, econnomic growth, etc., etc..Take away inequality and what incentive is there for anyone to work?

Another position is that inequality is bad for our society because the income distribution is more a function of luck, inheritance, or power.So many people feel cheated and angry.Also, if the middle and lower classes have very little money, who is going to buy the goods produced by our economy (leading to recessionary pressures).

First, what is he saying in this video about the effect of inequality on societies... good, bad, doesn't matter?And, of course, provide examples from the video.

What do you think about this issue?Should we have more equal incomes in the United States?How do you think your opinion would be affected if you suddenly won Lotto for $20 million?If we decided to move toward more income equality in the US, should we let incomes earned stay where they are and change taxes or social welfare benefits (Sweden)... or should we make incomes more equal by paying people more equally to begin with (Japan)?

Link to Video: http://www.ted.com/talks/richard_wilkinson