CMV: Income inequality doesn't matter.

From my understanding the actual income inequality around the world has not changed very much in the last few centuries so you will first need to prove that point. As the title says I don't believe income inequality should matter to anyone. My three main reasons are below but there is a TL;DR at the bottom.

First, changes in economic inequality have been shown to have little to no impact on other parts of the economy. It has no relation to other economic figures which I believe are obviously important such as unemployment, inflation, growth, and stability. The only issues which income inequality seem to have an impact on have to do with social unrest and government trust.

Second, it is easily proven that being statistically poorer than others on one graph does not mean that an individual is struggling or has a low quality of life. One obvious example I can point out of this is the fact that the poverty line for a single person living in America is said to be anyone making less than $11,770 while the average household income in china is stagnate at $10,220. Meaning that a single person who claims to be lower on the inequality scale because they live just around the poverty line is actually better off than the average Chinese household.

Third, I don't understand why it should matter if another person has more wealth than you do. If the general quality of life is improving for all people than why should it matter how that wealth is distributed. I personally believe that the reason income inequality is brought up is to satisfy feelings of entitlement. More and more Americans are beginning to feel that owning a personal vehicle is a right, or having access to the internet is a right. And while it is certainly true that we want people to experience the best quality of life that is possible I haven't seen any proof which suggests income inequality impacts a persons quality of life.

I look forward to reading your comments and I will try to reply to as many as I can.

TL;DR,

Income inequality does not matter because it has no impact on other parts of the economy, misrepresents whether a person is actually struggling or not, and does not impact a persons quality of life in any way.