But the question (for those of us who support capitalism but decry income inequality) is not whether there should be any inequality, but rather how much inequality we need to tolerate, and most especially whether a long-term trend toward growing inequality is good for the economy or the health of society. We can argue about how much inequality is necessary, but almost no one thinks that ever-growing income inequality is a social or economic good.
From the New Republic
So often now I hear discussion that assumes we can only choose on income equality to have zero inequality (as the old Soviet state aspired to) or basically ignore distributional issues. That is a false choice.