…variables such as wealth, education and occupation are in the 0.7 — 0.8 range over the last 200 years, the same as found in India with its caste system !
Well?
Let’s think about this too:
How the Stinking Rich Ate the Economy
“If a $100,000-a-year household thinks itself to be middle class,” the neoconservative writer Irving Kristol once wrote, “then it is middle class.” This sentiment is widely held, but it makes no mathematical sense.
Any family whose income exceeds that of 90 percent of all other families cannot sensibly be called anything but rich.
To believe otherwise would oblige you to judge your child mediocre when his teacher gives him an A.
And think about this:
The .0000063% Election
How American politics became the politics of the superrich.