Comment Re:Yes, and... (Score 1) 18
The phenomenon of "rich getting richer" is characteristic of all free markets during times of economic health. It's an easy thing to demonize but simple practical realities make this inescapable.
At its essence, acquiring wealth requires making investments (which could include building businesses just as much as buying ones that already exist). Making such investments requires capital. People who don't have any can maybe get a business loan, but that puts a harsh upper limit on how much they can earn from the investment. Wealthy people have a lot more that they can invest, and so they stand to make a lot more from their investments.
Wealth is THE ladder to attaining wealth. Ordinary jobs are just a means of keeping bread on the table while building initial capital to get in on the investing. Some specialist jobs can pay pretty well but not well enough to make the kind of money that we associate with the super rich.
The thing is, if we take away the option to "get richer," then people who have capital won't invest it, which means they won't be creating jobs or delivering value, which leads to the downward spiral of unemployment, deflation, and economic collapse (Exactly like what we saw throughout the 1930s). So if we treat "the rich getting richer" as some sort of problem that needs to be solved, we risk breaking the backbone of the economy, and pushing nearly everyone into poverty.
We could possibly remove some of the legal loopholes that allow the super-rich to skip out on taxes, but that is supremely hard to do since the super rich hold tremendous political power, and can independently lobby such attempts into oblivion. Even under democratic presidents, such efforts get no traction.
So for now, "the rich getting richer" isn't really a sign of economic mismanagement so much as "standard operating procedure" for a functioning free market.