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Income equality has jack-all to do with absolute income levels. The richest getting richer at a pace greater than others doesn't mean that others aren't making money. Real income is up for all quintiles since the 1970s, as are consumption expenditures. Real income is up quite a lot more for the upper quintiles, but since we don't operate in a zero-sum economy, that doesn't require that it be down for other people.



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