Does inequality still matter?

For years, pundits and politicians lamented the growing income inequality in the U.S. But since Obama's election as president, silence has reigned. Did critics realize inequality is too complex for slogans? Or are they just hypocrites?

Whatever happened to income inequality?

George W. Bush's last term was a golden age of the moralizing polemic decrying a widening income gap. Since then, this once paramount concern has completely evaporated. Yet if the question of income inequality was ever interesting or urgent, you'd think a transformative shock to the American economy would make it more urgent still. A wealth-obliterating disaster has put our economy in the dump along with the livelihoods of millions of lower-income Americans. So why have we stopped talking about income inequality?

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