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reidalert | 5 years ago
As far as I know, the distribution of wealth is even more skewed in favour of the rich, with some fraction of people at the bottom having 'negative wealth' i.e. more debts than assets. Wealth also seems to have a compounding effect, in that richer people have a higher savings rate and access to better investment opportunities. So would more equal income growth necessarily lead to a more equal wealth distribution, or are there other factors to account for?
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