The NY Times explains:
In other words, at least in dollar terms, there is much greater inequality at the very top of the income scale than at the bottom or in the middle. Whether this translates to much greater differences in standards of living at the top is debatable, as an extra $1,000 for a poor family likely makes a much bigger impact on that family’s quality of life than an extra $1,000 for a wealthy family.
In plain English: The Wealthy NEED MORE, because they already HAVE MORE.
Down here in Steerage, we are grateful for a crust of bread. It is our lack of vision that keeps us here.We have small wants and tiny vision.
The rich know that one should want it all. That one deserves it all.