People continue to focus on income inequality and ignore wealth inequality. Income is a terrible way understand inequality and also not a good way to compare how inequality is changing, since the really rich people increase their wealth in ways other than income.
The bizarre focus on income means that we set our sights on a weird slice of upper middle class professionals (doctors, lawyers, etc.) while ignoring totally the real rich people.
The bizarre focus on income means that we set our sights on a weird slice of upper middle class professionals (doctors, lawyers, etc.) while ignoring totally the real rich people.