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I'm assuming that 'income' here only refers to income from wages, rather than return on capital. Obviously, the latter would show a strong correlation with weal
by vannevar 10y ago
I'm assuming that 'income' here only refers to income from wages, rather than return on capital. Obviously, the latter would show a strong correlation with wealth.
- audleman 10y agoAnother possibility is that wealth comes through windfalls or inheritance.
- occamrazor 10y agoI guess this is why the relation is stronger in the upper right quadrant, where income from capital is significant.