Income inequality is down, but why is nobody cheering?

I am quoted in today’s New York Times piece which notes, finally, the following: The share of income received by the top 1 percent — that potent symbol of inequality — dropped to 17 percent in 2009 from 23 percent in 2007, according to federal tax data. Within the group, average income fell to $957,000 … Continue reading Income inequality is down, but why is nobody cheering?