I like what Greg Mankiw is saying here. We shouldn’t focus on the bad side of things without also looking at the good side. For other perspectives, see:

• My Quartz column, “Odious Wealth: The Outrage is Not So Much Over Inequality but All the Dubious Ways the Rich Got Richer”

• Michael Tomasky’s Daily Beast piece Michael Tomasky’s Daily Beast piece “Greg Mankiw: the Wealthy are ‘Deserving,’ Even When They’re Crooks”