Wealth inequality is gaining traction. The standard of living of the average poor American is better today than it was in the 1960s. What has changed is how we feel about it. Wealth inequality makes us mad, but it has not resulted in worse overall living standards on an absolute scale.

How you can manage to speak with your head so far up your own ass is an amazing magic trick. Wealth has been decoupled from productivity for more than 50 years now. That’s just facts.