WHAT. DID. THEY. HAVE ?
Again, proving the fucking point derp derp.
If someone has more money than you - who cares? How does that make or break you? Just because someone gets more money than you doesn't mean you don't have something. It's not that you got a smaller slice of pie, it's that the pie simply got bigger.
Stop comparing your stack size to other people's stack size. That's called jealousy.
Because when there is significant income inequality, it starts to squeeze on the necessities. When someone can't afford housing, it doesn't matter if they have an iphone. And despite republican talking points, getting rid of the iphone isn't going to do shit towards them affording housing.
Additionally, when all the wealth begins to be concentrated at the top, it also concentrates the power. It creates a situation like we have today where the wealthy begin to control the government, drafting legislation which decreases economic mobility and protects their wealth from competition.
Finally, yes, humans in general have come to expect their lives to improve as time goes on. For the first time ever in modern history, we have a situation where the next generation is predicted to be less well off than their parents, simultaneous with productivity being at an all time high. This doesn't make for a peaceful populace.