Plato on Wealth and Poverty

“The form of law which I propose would be as follows: In a state which is desirous of being saved from the greatest of all plagues—not faction, but rather distraction—there should exist among the citizens neither extreme poverty nor, again, excessive wealth, for both are productive of great evil . . . Now the legislator should determine what is to be the limit of poverty or of wealth.”

Sound like Senator Bernie Sanders (I-VT)? Karl Marx maybe? Bill Maher?

It’s not. It was , Greek philosopher (427-347 B.C.) and “father of Western philosophy” who said it.
But it could have been Chuck Collins, grandson of Oscar Meyer, co-founder of Wealth for the Common Good. On their website, watch Chuck speaking on wealth inequality. I met Chuck three years ago at the home of a wealthy couple in Minneapolis.
I chimed in on the discussion in December, 2010 with a guest commentary on MPR, “Fear ‘redistribution of wealth’? Don’t look now”, arguing that the redistribution had already taken place – from the middle to the top of the economic ladder in America.
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Let me know what you think? Do you agree/disagree with Plato: “Now the legislator should determine what is to be the limit of poverty or of wealth”? Or with Chuck? Should the distribution of wealth (a ceiling and a floor) be on the table or off the table of a democratic republic? If economics is not on the table, what does democracy mean?