The concept of income inequality is often brought up in popular media outlets as a key problem with modern economies. For some background information, I'd like you read this article fromForbesregarding the idea of using a wealth tax to alleviate income inequality and answer these two questions;

1. Is income inequality necessarily a problem, or is it the growth in inequality that it is an issue? Briefly explain.

2. From a government policy perspective, what are some benefits or drawbacks of taxing wealth to reduce income inequality?