“The Great Recession increased income gaps. The top earners’ income dropped by 4%, but the bottom household’s income dropped by 20%.”
(The Great Depression of the 1930s actually reduced the income gap, and the gap continued to close until the late 70s.)
The rebuttal argument is as follows:
The rich are not really that rich. Their wealth is artificially inflated by stock prices currently at or near the top of an unsustainable “bubble.” Perhaps that is true, but it sounds like the ol’ “I’m not really rich. Don’t tax my yacht” argument.