Why might high levels of inequality lead to lower rates of growth and development?

High levels of inequality can lead to lower rates of growth and development by creating social unrest and political instability, which can deter investment and disrupt economic activities. Additionally, inequality can limit access to education and healthcare for a significant portion of the population, hindering their ability to contribute fully to the economy. Lastly, unequal distribution of resources can concentrate economic power in the hands of a few, leading to less innovation and competition in the market.