No actually, google it. Places with high inequality are associated with lower overall GDP growth. However they're attractive to people who want to strike it rich. Because
someone is raking in the loot.
e.g. America is lucky to get 1% GDP growth per year, but people still come there to "get rich". The average person can only expect to get 1% higher income every year, at averaged national rates. And this is completely discounting population growth.
However ... the "get rich" people flocking to America definitely
aren't coming there for a measly 1% per annum increase in income, they're seeing
much more income growth than that, which means someone else must logically see
less than 1% income increase per year. Basically, the few "top" people are flocking to America to get big returns while the masses are seeing literally zero% growth, or even negative growth, in real terms, to their standard of living. All that 1% national income growth is being sucked up by a tiny happy "elite".
If Elon Musk is seeing higher than 1% growth in his income per year, that's coming at the expense of many people who aren't getting diddly squat, since wage increases are totally eaten away by inflation. Because the average income growth is
much less than Elon Musk's share of the income growth. He's getting your share for you.
If you want further evidence, look up median household wealth of many countries. European-style states such as UK, Italy and Australia have median household wealth 2-5 times higher than in the USA. America is doing so well that nobody except the top elite few can save any money. "Economic failures" such as Italy have 3 times the wealth per median family as "land of opportunity" America does.
https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adultCheck the "median" column. America leads in total average wealth (numerical average), but lags badly in the amount that "joe average" has in wealth. This is the end result of unequal income distribution in America. Most of the country renting houses.