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Among the severest, with the gravest long-term and even existential implications, is economic inequality.Voices on the right often claim that this inequality is not only justifiable, but also appropriate: Wealth is a just reward for hard work, while poverty is an earned punishment for laziness.After all, inequality can reflect differences in preferences: Some people might consider the pursuit of material wealth more worthwhile than others.But, at a certain point, inequality becomes so severe that it has the opposite effect. Plenty of people – including many of the world's wealthy – recognize how unacceptable severe inequality is, both morally and economically. Apparently, the desire to lessen inequality can be considered credible or genuine only by first sacrificing one's own wealth.It is heartening to see wealthy individuals defying these attacks, not only by openly acknowledging the economic and social damage caused by extreme inequality, but also by criticizing a system that, despite enabling them to prosper, has left too many without opportunities.As Jack Bogle, the founder of Vanguard Group and a certain beneficiary of the proposed cuts, put it, the plan – which is all but guaranteed to exacerbate inequality – is a "moral abomination".
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