What you're describing is fundamentally the disappearance of the middle class.
Historically, an economic middle class is a relatively recent phenomenon. For ages past and across cultures, there were "rich" and "poor" and relatively few in between.
What created the middle class in the US was a government system that restricted the power of the elites to abuse that power. As Thomas Jefferson wrote: "We hold these truths to be self-evident, that all men are created equal". I.e. the rich, powerful, government, or otherwise privileged people ought not to have rights that the poor do not have.
I think the disappearance of the middle class today is largely due to favoritism and miscarriage of justice in government -- like failing to prosecute gross economic crimes adequately (embezzling, insider trading, monopolism, etc.). I don't think rich people are bad by definition, but I do think our government tends to show favoritism to them.
EDIT:
Lest I sound like I'm coming down on conservatives only, liberals in the US have also been hugely responsible for the disappearance of the middle class. The bipartisan post-WWII GI bill, signed by FDR, severely disadvantaged African-American veterans in how it was carried out - by disproportionately denying applications by African-American veterans for housing.
In the decades that followed, Democrat welfare programs provided significantly more total income to 2 divorced adults with kids than a family with 2 married, cohabiting parents -- thus encouraging men to move out so their family could have more welfare money, and (broadly speaking) causing an entire generation of children in poor (and especially African-American families) to grow up without a dad in the home. This lead to further poverty, crime, drug addiction, and ultimately devastation.
Clinton's "war on drugs" and his three-strikes rule only made the problem worse by merely prosecuting and imprisoning people in poverty instead of working to repair the root causes of their behavior. This resulted in many more fatherless families.
Upholding the rights of the poor is everyone's responsibility, especially those in government, regardless of their political affiliation.
Historically, an economic middle class is a relatively recent phenomenon. For ages past and across cultures, there were "rich" and "poor" and relatively few in between.
What created the middle class in the US was a government system that restricted the power of the elites to abuse that power. As Thomas Jefferson wrote: "We hold these truths to be self-evident, that all men are created equal". I.e. the rich, powerful, government, or otherwise privileged people ought not to have rights that the poor do not have.
I think the disappearance of the middle class today is largely due to favoritism and miscarriage of justice in government -- like failing to prosecute gross economic crimes adequately (embezzling, insider trading, monopolism, etc.). I don't think rich people are bad by definition, but I do think our government tends to show favoritism to them.
EDIT:
Lest I sound like I'm coming down on conservatives only, liberals in the US have also been hugely responsible for the disappearance of the middle class. The bipartisan post-WWII GI bill, signed by FDR, severely disadvantaged African-American veterans in how it was carried out - by disproportionately denying applications by African-American veterans for housing.
In the decades that followed, Democrat welfare programs provided significantly more total income to 2 divorced adults with kids than a family with 2 married, cohabiting parents -- thus encouraging men to move out so their family could have more welfare money, and (broadly speaking) causing an entire generation of children in poor (and especially African-American families) to grow up without a dad in the home. This lead to further poverty, crime, drug addiction, and ultimately devastation.
Clinton's "war on drugs" and his three-strikes rule only made the problem worse by merely prosecuting and imprisoning people in poverty instead of working to repair the root causes of their behavior. This resulted in many more fatherless families.
Upholding the rights of the poor is everyone's responsibility, especially those in government, regardless of their political affiliation.