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Why is it better if it can't account for things like inherited wealth? Are the descendants of billionaires not upper class at birth, with no income?
by hiatus 2y ago
Why is it better if it can't account for things like inherited wealth? Are the descendants of billionaires not upper class at birth, with no income?
- hollerith 2y agoIt does account for the person who inherited $10 million or more because $10 million throws off at least $300,000 a year in reliable investment income, making that person upper class according to the income proxy.