Sources of Income for the Plutocrats
In this chapter we take the final step on the journey we have traversed in the book from the poorest of the poor to reach the richest of the rich—the plutocrats of the book’s title. We review the evidence as to where the plutocrats come from and compare a ‘merit’ view of the sources of their income with the more common ‘rent-seeking’ one. It is the incomes from finance which have been the most contentious and a major a source of dissatisfaction with the highest incomes across the world. We conclude by linking this dissatisfaction with the rise of populism and a new generation of populist politicians.
2014 ◽
Vol 59
(3)
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pp. 613-627
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2005 ◽
Vol 70
(1)
◽
pp. 136-157
◽