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As the 2004 campaign begins in earnest, it appears the Democrats' preferred strategy will be to tie a weak economy to President Bush's economic policies. But what will they talk about if the economy gets strong? Several pieces in the New York Times suggest the answer: income inequality. The best example is a Times Magazine piece by Paul Krugman contending that we are entering a new Gilded Age as "extravagant as the original." He recounts anecdotes of truly awe-inspiring wealth, of executives being treated like "royalty," and reports that in 1998 the 13,000 richest families had about the same combined income as the 20 million poorest households. The data are pretty ...