The document discusses the growing wealth gap between the rich and the middle class in the US. It argues that the gap is bad for the economy and society. For the economy, a smaller middle class means less consumer spending. For society, it can disadvantage students seeking higher education and impact health and imprisonment rates. The document proposes some solutions like higher taxes on the rich and promoting community involvement, but notes that poverty and unemployment have increased while middle class wages have barely risen over the past decades. It quotes Steve Jobs to say that innovative products need a large middle class that can afford to buy them.