The "law" of wealth concentration

Doug Henwood dhenwood at
Wed Aug 16 21:33:55 PDT 2000

Michael Perelman wrote:

>Pareto's initial story was that if you had a complete redistribution of wealth
>so that everybody had the same, soon the previously wealthy would end up with
>about the same distribution of income.

What about inheritance, which is responsible for 50-75% of the wealth distribution in the U.S.?


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