Source: “Income Inequality in the United States, 1913-1998” with Thomas Piketty, Quarterly Journal of Economics, 118(1), 2003, 1-39
(Tables and Figures Updated to 2012 in Excel format, September 2013) via Chad Jones
Before 1940, most of the income of the top 0.1% of income earners in the USA was income from investments.
By the end of the 20th century, the top 0.1% were earning their incomes as wages and salaries, business incomes and capital gains. Very little of that income of the top 0.1% was in the form of passive income from capital. The top 0.1% of the USA are now working rich – entrepreneurs.
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