Is "the rich getting richer" a problem?

[richardhutnik]

Aielyn said:

Kasz216 said:
More often then not, when the rich are getting richer, it boosts the economy for everybody.

This is a common claim by certain people, but it isn't supported by any evidence.

History has shown that, when the rich get richer, it makes a short term economic boost that doesn't benefit anybody else, and then a crash that tends to hurt the poor most of all. See the GFC as a demonstration of it.

If the wealth increases spread more evenly, then yes that can happen.  If it is in terms of rich getting richer, where the advantages have an exponential effect, and the games are selectively at the top, then that is a problem.  I assume GFC here stands for "Global Financial Crisis".