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London School of Economics
U.S. income inequality is bad, but wealth inequality is a bigger problem
U.S. income inequality is bad, but wealth inequality is a bigger problem

Emmanuel Saez, that assiduous tracker of economic inequality in the U.S., has been shifting his attention away from income inequality to a broader, thornier and more intractable issue: wealth inequality. As he observes in a paper published this week at the blog of the Washington Center for Equitable Growth, wealth inequality is "exploding," constituting "a direct threat to the cherished American ideals of meritocracy and opportunity." Saez, an economics professor at UC Berkeley, wrote his paper with Gabriel Zucman of the London School of Economics. A longer, more technical version of their post can be found here. They draw a line from "Capital in the Twenty-First...

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