The Existence Of Static Inequality

Static inequality is a snapshot view of inequality, as it doesn't represent what will happen in the future to you.

About 10% of Americans will spend at least a year in the top 1%, 56% in the top 10%, and 73% in the top 20%.

Mobility is more static in Europe. Florence has the same handful of families have kept wealth for five centuries.

LOK: 5. Systems
RL: Skin in the game
IDEAS: Inequality Static Economy Mobility Money Inheritance
#Antifragility