Charles Wheelan, an economist and writer, has not explicitly outlined his views on income inequality. However, based on his writings, we can infer some of his perspectives.
Strengths: Wheelan might argue that income inequality can drive economic growth. High earners like Bill Gates can reinvest their wealth into businesses, spurring innovation and job creation. This is a common perspective in Keynesian economics, which Wheelan supports.
Weaknesses: On the other hand, Wheelan might also acknowledge the potential downsides of income inequality. Extreme disparities in wealth can lead to social unrest and economic instability. Furthermore, if the rich continue to get richer at the expense of the poor, it can undermine the principles of fairness and equality.
Remember, these are inferred views based on Wheelan's general economic philosophy. For a definitive answer, one would need to refer to Wheelan's specific writings or statements on income inequality.
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