Will Inequality Just Keep Getting Worse?

 Last October, after a conversation with Chicago Booth professor Steve Kaplan, I posted this graph showing that the share of national income going to the top 1% had fallen dramatically.

 

 This confirmed what I had expected–the taxable income of the wealthy generally tends to fall in recessions.  But since earlier census data had seemingly contradicted that expectation, I thought it was worth blogging.  As I explained:  

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This post originally appeared at The Atlantic.

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