There is truth in these submissions, is is not safe to judge the individual economy of the citizens with the overall economy status of the country since the later is mostly controlled by the privileged. In my country, there is a certain entrepreneur who is believed to be richer than 70 % of the citizens put together. This may be a little bit of an exaggeration but it helps to drive home a point.
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Income inequality seems to be a growing issue in many places. One one hand, people say in a democracy we have the "freedom" to achieve whatever we want, but is that really a desirable outcome when we end up with these plutocrats owning almost everything and everyone else has nothing?
Income inequality has sparked many violent revolutions. Call me a pessimist, but I don't think people will altruistically share on a scale that would prevent another.