One article argues that income inequality is NOT a major problem.

https://www.hoover.org/research/income-inequality-isnt-problem

One article argues that income inequality IS a major problem.

https://ideas.ted.com/the-4-biggest-reasons-why-inequality-is-bad-for-society/

- The article discusses the distinction between good and bad economic inequality and whether income inequality is a significant problem. The author argues that entrepreneurial innovation that improves the lives of consumers is good while using political pull to transfer wealth is bad. The author also provides examples of figures from American history who increased wealth inequality but improved the well-being of people, as well as figures who increased their wealth through political connections and hurt people's welfare. The author believes that income inequality is not a significant problem, and policy prescriptions such as a global tax on capital are misguided because they do not differentiate between those who accrued their wealth through entrepreneurship and those who did so through political means.

- The article discusses income inequality as a major problem in society. The author argues that reducing income inequality through non-voluntary means, such as taxation, needs a strong justification. While voluntary redistribution is recommended, the author believes that involuntary redistribution also has reasons, especially when the poor are severely deprived. The article presents four objections to income inequality: that it gives wealthier people an unacceptable degree of control over the lives of others, undermines the fairness of political institutions, undermines the fairness of the economic system itself, and workers have a claim to a fair share of what they have helped to produce. The author concludes that these objections are not merely an expression of envy but rather based on the effects of some being much better off than others.

1. Briefly summarize your own personal conclusions (based on your articles and, perhaps, additional research) about the importance of this issue, its causes, and possible solutions.