This "Economics of Envy" title really pisses me off. What a smug point of view. The people who are doing great with the current system, will be really surprised one day when a rich person has to hire mercenaries with machine guns to protect their home. Escort their kids to private schools in bullet proof cars.
Other countries that have a huge wealth inequality do experience "trickle down" but it's usually as a ransom payment to return a loved one unharmed. There is buying and selling of guns and bullet proof cars as well to stimulate the economy.
Use all your economic matrixes or reasoned arguments. Blame problems on lax whatever or "the kids these days." The mob almost went extinct for a time but now we've got large street gangs and I suppose organized crime will be coming back because the justice system doesn't work for the "average" citizen. You remove those "overpaid union jobs" and -- surprise, surprise you get street gangs. "People shouldn't have kids if they can't afford it." Yeah, that's easy talk and not reality -- less money usually means more kids all over the planet.
The fact is, for most people, the standard of living and opportunity is going down. The Gazelles are fine to get a windfall -- the problem isn't in the horse trading. Of course the problem isn't just ONE issue of people making a lot of money in a company purchase. It's a lot of big money chasing big money and none of it helping the vast majority who will never be part of the Gazelle lottery.
There's an easy solution to this, or we can continue listening the Libertarian principles as if we all haven't heard these tropes since Adam Smith rolled over in his grave for hackneyed economics tailored to the rich. Someone will make a profit selling guns and one day someone will get one stuck in their face and all their intellectual arguments on how "this should be working great for you, young school kid with a record and no future -- maybe you haven't heard about being motivated, staying in school and getting your company bought by Facebook?" That of course, will get you shot as well as mugged, but good luck with that.