Except the riots on the streets aren't about wealth inequality, they're about a proposal for reduced government spending. Why? Government spending has been supported by constantly taking out new debt, and now both issuance of new debt is sputtering and increased interest payments are due.

This has, of course, not convinced the government to stop increasing debt. This is people's reaction to merely slightly reducing the rate of debt increase.

The problem is not even that the debt is too high, but because the state's demand for new debt just for this year is too high at the interest rates they're offering.