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New data show that joining the 1% remains unsettlingly hereditary

3 pointsby jimsojimover 8 years ago

1 comment

necessityover 8 years ago
Well if you consider all billionaires and not just the top of the top, the trend is the opposite. Billionaires who inherited their wealth were 55.3% in 1996, 41.9% in 2001, and 30.4% in 2014.<p><a href="https:&#x2F;&#x2F;piie.com&#x2F;publications&#x2F;wp&#x2F;wp16-1.pdf" rel="nofollow">https:&#x2F;&#x2F;piie.com&#x2F;publications&#x2F;wp&#x2F;wp16-1.pdf</a>
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