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As the income disparity increases, we lose the broad-based decision-making necessary for the success of a free market. A variety of incentives from a variety of people is the key to a well-functioning, capitalist society and when only a few voices are heard, when only their pressure is felt, society fails to invest adequately in things like education, infrastructure and health care, just to name a few. The result will be an undereducated labor force/citizenry, poor transport and communication, and widespread disability. Has any of this already come to pass? A society cannot advance technologically or economically under those conditions and, eventually, cannot compete with more egalitarian societies that conservatives like to label as "socialist" or "welfare states." The great advances this country made between the terms of Hoover and Reagan would not have been possible if only the wishes of bottom-liners held sway. Conservatives speak admiringly of the free market as a "goose that lays the golden eggs" all the while slowly cooking said goose.
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