Branko Milanovic
The Good Fight
00:00
Is It Absolute Income Mobility or Income Inequality?
Income mobility and income inequality are interlinked, says Simon Tisdall. In the U.S., there is a movement of people who have made lots of money in their lifetimes but then invested it to transmit that advantage to their children. The transmission of the advantage is different from when you had like rich sort of reindeer capitalists giving kids factory-type jobs or connections. But now what they're doing is giving them extremely good education which is very expensive.
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