What would the wealth distribution look like without redistribution? | vox – Research-based policy analysis and commentary from leading economists

Holy Shit! Not good for the Libertarian progrom that it is all about skill.

What does the distribution of wealth look like in an economy in which all households have identical skills and patience, but there is no redistribution? This column argues that without some redistributive mechanism – either explicit in the form of government tax or fiscal policies, or implicit in the form of limited intergenerational transfers – the wealth in the economy tends to concentrate at the top.

via What would the wealth distribution look like without redistribution? | vox – Research-based policy analysis and commentary from leading economists.

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