equality opportunities economy

Are current high levels of inequality desirable or detrimental?

Jay Gatsby’s American Dream: Between Inequality And Social Mobility

CaixaBank Research | In Spain, the richest 1% of the population earns 8.6% of the country’s income while this figure reaches 20.8% in the US. Are such high levels of inequality desirable or detrimental? Ultimately such a question must be answered by each country according to its own social preferences and values.