What about inequality?

If you remember all the way back to 2007, the talk of the town was about inequality. There were many complaints, most flawed. There was the view that supply-side tax policy was to blame for ever-growing economic policy. Bush's across the board tax-cuts, disproportionately benefited the rich. This allowed the rich to benefit at the expense of the poor. There are other arguments; some are better than others. I will contend that meaningful inequality has actually decreased, but more importantly I will contend that inequality is unimportant. If a Haitian immigrant comes to the U.S. and makes $7 an hour working at a low-skill job and a CEO makes billions employing immigrants and low-skilled natives has unemployment increased or decreased? Both the Haitian immigrant and the CEO are in a better economic condition, yet statistical inequality has risen dramatically. As long as everyone is equal under the rules of the game, equity of results is not very important.

Lets assume that inequality had increased up until 2007, why are we not hearing about inequality these days. We are actually seeing a shrinking amount of "inequality," yet nobody is better off. Would we rather have a more "equal" society where everyone is worse off, or a more "unequal" society where those who work are better off?