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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Ah, but then you end up being badly confounded by interest rate changes. A $1,000 infinite duration 10% bond is exactly as valuable in terms of things it can buy (discounting inflation) but the prevailing interest rate gives it entirely different accounting values.
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It could be that the rich kids inherit the CPAs, lawyers, etc and are just great at not showing income. see Trump, Donald.
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Does it factor in game-breakers like discrimination due to things like disability, mental illness, neuro-diversity, race, gender ID etc?
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