Income inequality has no necessary connection with poverty, the lack of material resources for a decent life, such as adequate food, shelter, and clothing. A society with great income inequality may have no poor people, and a society with no income inequality may have nothing but poor people.
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About Robert Higgs
Robert Higgs was a contemporary American economic historian. Robert Higgs is an American economic historian and economist. He is known for research on the growth of the United States government, especially the ratchet effect, the idea that state power expands during wars and other crises and only partly recedes afterward, which he developed in Crisis and Leviathan (1987). Read more on Wikipedia →