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What are these numbers actually taken from? I'm betting the vast majority of this is counting the sale of a home or a one-time windfall (e.g. small inheritance,
by sidlls 6y ago
What are these numbers actually taken from? I'm betting the vast majority of this is counting the sale of a home or a one-time windfall (e.g. small inheritance, gambling winnings) as income for "a year", but I'm not going to buy the book just to see.
- shuckles 6y agoRuss Roberts has a fairly thorough treatment of composition effects impacting income statistics: https://medium.com/@russroberts/do-the-rich-capture-all-the-gains-from-economic-growth-c96d93101f9c https://medium.com/@russroberts/do-the-rich-capture-all-the-...