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What's wrong with computing pre-transfer inequality? His thesis is about how the capitalist market distributes income and wealth. The fact that governments see
by uhnuhnuhn 9y ago
What's wrong with computing pre-transfer inequality? His thesis is about how the capitalist market distributes income and wealth. The fact that governments see the need to intervene and redistribute is a symptom of the inequality generated by the market.
Regarding your "big theoretical flaws" on intergenerational wealth dynamics, here's an entire chapter by Piketty and Zucman on the subject, confirming that their central hypothesis holds when taking inheritance into account: http://gabriel-zucman.eu/files/PikettyZucman2015.pdf http://gabriel-zucman.eu/files/PikettyZucman2015.pdf
- geezerjay 9y ago> What's wrong with computing pre-transfer inequality? His thesis is about how the capitalist market distributes income and wealth. It seems to me that it's quite a crass methodological error to base an analysis on income distribution on ignoring how income is distributed.