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The rich get...not so rich
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A New York Times piece from last week takes a look at the difficulty the recession has caused...rich people. The rich are not quite so rich, it seems. They are, however, still much wealthier than the rest of the nation. And while the article focuses on the "hard times" of millionaires like John McAfee, who has been forced to sell not just his Hawaii mansion, but his New Mexico one as well, income inequality is not something that's leaving America anytime soon.

Few economists expect the country to return to the relatively flat income distribution of the 1950s and 1960s. Indeed, they say that inequality is likely to remain significantly greater than it was for most of the 20th century...Market forces that have increased inequality, like globalization, are also not going away.

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