[jyl]

Reducing poverty is completely different from reducing the rich-poor gap.

Globally, the rich have been getting richer for decades now, and the ultra-rich have been getting ultra-richer. That is fine with me.

I believe it is important for our country to reduce poverty. I do not think it is particularly important to reduce the rich-poor gap.

Anyway, I think the more interesting aspect of this data point has to do with the question of whether there is a bubble in real estate prices.