President Barack Obama took to the podium Wednesday to highlight one of America's deepest economic problems: inequality.
Inequality, he said, is "morally wrong" and "bad economics."
There is no question that inequality is disturbingly high. Even Rupert Murdoch said so earlier this month, warning in a tweet that America is becoming a "class society."
But setting aside the tiresome, partisan screaming on both sides about the consequences of inequality and how to solve it, the renewed discussion of inequality is flawed by a disregard for actual data.
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