Effects of inequality is a central topic of the contemporary political debate, and have been, in the form of egalitarian thought, a recurrent theme throughout the human history. Unlike in the history, however, the discussions about prospects and drawbacks of egalitarianism have moved far beyond the biblical notion of ‘everyone is created equal’, and take a more utilitarian view. Trekking close to this utilitarian view, I will analyze if more egalitarian societies do better or worse. While there are many ways to see inequality, such as inequality of opportunity or equal rights, most of the current debates are based on economic inequality. In one side, these talks are based on the relation between income inequality and social factors like health, education level and crime level, and on the other it takes the form of economic prospects of income inequality driven competition. While conclusions from both these arguments are quite contentious, they compel us to look at what level of inequal...