Most people would agree living today would be better than the 1950s. We have 60 years of social progress and 60 years of technological advancement.
Economic inequality isn't inherently bad, per se. But in America, it is usually a signifier for two things: the effects of poverty and corruption.
Yes, the rich and poor both drink Coca-Cola. But the poor get put into worse prisons, have access to worse lawyers, have juries that tend to be more biased against them, have worse schools, live in neighborhoods with higher crime rates and more corrupt police forces, have less access to healthcare, etc.
The rich, on the other the other hand, have access to lobbyists to use the government to their whim. Remember the poorly constructed bailout?
Economic inequality isn't inherently bad, per se. But in America, it is usually a signifier for two things: the effects of poverty and corruption.
Yes, the rich and poor both drink Coca-Cola. But the poor get put into worse prisons, have access to worse lawyers, have juries that tend to be more biased against them, have worse schools, live in neighborhoods with higher crime rates and more corrupt police forces, have less access to healthcare, etc.
The rich, on the other the other hand, have access to lobbyists to use the government to their whim. Remember the poorly constructed bailout?