In capitalism, it is natural for there to be very wealthy individuals at the top, and those who struggle below. From what I have heard the "wealth gap" means that the very rich suppress the poor, but I've also heard that the rich create a standard for the lower classes to look up to, therefore generating more wealth and progress as a motive.
I am genuinely curious about this since I have always wondered why income inequality is necessarily bad. All perspectives welcome.
Is income inequality harmful?