economic inequality is a mathematical fact referring to the idea that growth in outcomes in the US has diverged over the years between various income brackets. see this https://www.cbo.gov/publication/42729
when people say that inequality is bad, what they are talking about is that it is bad that, even though average incomes grew a lot, incomes for the lower brackets grew a lot less than incomes for the higher brackets. As you can see from my link, even taking out successful startup founders ( by not looking at 1%) shows the same trend.
It is a separate discussion whether or not startups increase income inequality ( just because startup founders get rich, it doesn't mean overall inequality has to increase because their products could raise average incomes in other brackets by raising productivity, for example ).
But, focusing on startups is just not terribly relevant for the inequality debate, again, as demonstrated by the fact, that there is a lot of inequality in the 60%th percentile vs 20th percentile, which has nothing to do with startups
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economic inequality is a mathematical fact referring to the idea that growth in outcomes in the US has diverged over the years between various income brackets. see this https://www.cbo.gov/publication/42729
when people say that inequality is bad, what they are talking about is that it is bad that, even though average incomes grew a lot, incomes for the lower brackets grew a lot less than incomes for the higher brackets. As you can see from my link, even taking out successful startup founders ( by not looking at 1%) shows the same trend.
It is a separate discussion whether or not startups increase income inequality ( just because startup founders get rich, it doesn't mean overall inequality has to increase because their products could raise average incomes in other brackets by raising productivity, for example ).
But, focusing on startups is just not terribly relevant for the inequality debate, again, as demonstrated by the fact, that there is a lot of inequality in the 60%th percentile vs 20th percentile, which has nothing to do with startups
I am curious which specific point downvoters think here is incorrect. I am backing up what I am saying with data
Edit: to those downvoting, here is some more data
http://www.motherjones.com/mojo/2011/10/one-percent-income-i...
does it look like income growth of the 1% has much to do with startups from this data ?