Does extreme inequality necessarily destabilise a liberal democratic society? Use details from the text to support your answer.

Consider the idea of the rising tide that lifts all boats. Do you agree or disagree with the idea that as long as everyone gets better off in absolute terms, relative poverty and inequality do not matter? Use details from the text or outside sources to support your answer.

Discuss the idea of the rentier class. What is this class and when did it emerge? Does it still exist in the 21st century?