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If you have 10/100 people selling their homes in a given year, then 10% of people earn 100% of the capital income. This is true in spite of a completely equal d
by yummyfajitas 12y ago
If you have 10/100 people selling their homes in a given year, then 10% of people earn 100% of the capital income. This is true in spite of a completely equal distribution of wealth. The fact that the 10% number is stable over time doesn't change this.
Capital income and wealth are simply not the same thing.