[closeparen]

That's certainly a perspective you can take. Then you'd really want to look at consumption inequality instead of wealth inequality. Consumption inequality is both much lower at an absolute level than either wealth or income inequality, and pretty much flat over time [0].

To the extent that we care about the distribution of net worth, though, unrealized gains are an important part of the story.

[0] https://voxeu.org/article/consumption-and-income-inequality-...