Les Andrews

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If most of the people in the higher income bracket have a one-year spike in income from capital gains, after which they return to some lower level of income, which may still be above the national average—say, an individual income of $100,000 a year—then, over the course of a decade, the income disparity between people is substantially less than the income disparity between income brackets.
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Discrimination and Dis...
 
by
Thomas Sowell
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