Why what you have heard about wealth inequality and income inequality is wrong

John Cochrane tells the truth about wealth and income inequality, here.

JC's paper is well written and understandable by the layman.  It is an important read if you want to understand the issues.

JC establishes that what you have heard about wealth and income inequality is a wild exaggeration and what you have heard about "solutions" would make things far worse.

The politicians, media, and talking heads that want to upset you about both either do not understand the issues or or intentionally misleading you.  In either case, they are not trustworthy.