Who are the top one percent?

Interesting podcast at Econtalk on wealth, income distribution etc – “Kaplan on inequality and the top 1%.”   Much of the Roberts and Kaplan discussion focuses on this paper (pdf) – “Wall Street and Main Street: What Contributes to the Rise in the Highest Incomes.”

Paul Krugman makes a different argument – “Oligarchy, American Style.”

This is obviously a heated debate – as illustrated by Freek’s post (also see the comments).

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