You can see this Wall Street Journal article for a week. I wrote a data
piece that shows that income inequality has been stable for a decade.
Turns out I'm way wrong. Read the article. Those unfortunate rich people are less distant from the middle class every year. The middle class is catching up and despite the gloom and doom hysteria of the Left, income inequality in the U.S. is decreasing.
The reasons are straight forward. Income inequality appeared to be
growing slightly because a change in the maximum income tax rates led
more top earners to report income of any kind and to report it as
Schedule C business income particularly. Much more income reported on
tax returns because of a change in tax laws.
The reason inequality is actually going down is because the real total income (the divisor in this equation) has been rising but is not reported in tax returns. More people are selling houses that are sheltered from all taxes when the gains are worth $250k to $500k every two years, and the proportion of people receiving social security, also non taxable, has been rising rapidly.
The poor Lefty hysterics, the world just isn't falling apart fast enough for them.