A new paper challenges Thomas Piketty’s portrayal of an income distribution dominated at the top by passive rentiers who do nothing to earn their money, arguing that income inequality in America today is driven by the working rich.ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of Business
Who Are the Top 1 Percent in America? The Answer from New Research Might Surprise You
Samantha Eyler-Driscoll
Word salad. And doesn't change the facts or issues of income inequality or the power of vast wealth.
ReplyDelete“the top 1 percent, conceived of as a rapacious global financial elite for which “Wall Street” served as a handy synecdoche.”
ReplyDeleteMaybe Roth would want to look back and try to figure out what Wall Street was 3,000 years ago...
The 1% aren't that interesting. It's the .1% that have all the fun.
ReplyDelete