There are no rich people in America

From The New York Times, Justin Wolfers on how the gains from the economic recovery are still limited to the top one percent; Hiroko Tabuchi on rushing to cater to America’s rich; and stream of foreign wealth flows to elite New York real estate: Louise Story and Stephanie Saul on how shell companies are used to shield the identities of buyers in the competition to secure condos at the Time Warner Center and other high-end buildings. Annie Lowrey on how New York’s rich are the only ones getting richer. Inga Saffron on how America’s billionaires are turning public parks into playgrounds for the wealthy. The Billionaires at Burning Man: Move over, Google Bus — there's a new symbolic fight over tech money, class, and privilege. Darrell West's U.S. Billionaires Political Power Index is a ranking of the top U.S. billionaires in terms of overall political power. Helaine Olen on the death of The Millionaire Next Door. On education, class and America’s new aristocracy: As the importance of intellectual capital grows, privilege has become increasingly heritable. Reihan Salam on how the upper middle class is ruining America. Richard V. Reeves on wealth, inequality, and the “Me? I’m not rich!” problem. Jordan Weissmann on how there are no rich people in America. Does global inequality matter? Stewart Lansley on why tackling inequality is an economic imperative: A growing body of work is challenging inequality — but what is to be done? As inequality soars, the nervous super rich are already planning their escapes.