The point about inequality being vastly overstated doesn’t get brought up often enough.
I don’t recall all the specifics but I remember an interesting seminar about that. Once you’re actually comparing inequality in consumption, the rich are not nearly as different as typical inequality measures make them seem.
The point about inequality being vastly overstated doesn’t get brought up often enough.
I don’t recall all the specifics but I remember an interesting seminar about that. Once you’re actually comparing inequality in consumption, the rich are not nearly as different as typical inequality measures make them seem.