Your must-read blog post of the day is Russ Roberts on panel studies of income changes:https://medium.com/@russroberts/do-the-rich-capture-all-the-gains-from-economic-growth-c96d93101f9c …
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Here's a picture of mobility by income percentile (from Chetty). You can see that when you're born poor, there's nowhere to go but up, and when you're born rich, it's hard to do better than your parents.pic.twitter.com/kQ1ERQckzy
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Of course, if you really want to see dynastic wealth in action, you should probably look at wealth, rather than income...
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