If there is social equality every citizen would have access to education and health care, allows for balance in wealth, unity, improved living standards, and a classless society. The bad part of social equality is that the government will have most of the control, poverty, stopped economic growth, demand for higher taxes, lack of motivation, and unnecessary spending of the government. Socialism exists to bring equality and push for a classless society.
Inequality means there is a gap between the people with the highest and lowest incomes. You can say inequality is necessary for a free market economy. Without any inequality there would be economic stagnation and lack of enterprise. Inequality is a type of market failure. The cons of inequality are social problems, unemployment and inherited money. Social inequality could benefit some people. If someone works harder and makes a higher salary, then it is not a market failure. Some people should get higher incomes than others if they have the