It’s Not The “Idle Rich”; Study Reveals “Working Rich” Driving Top US Incomes

Posted on February 10, 2019 6:35 pm
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URL https://www.zerohedge.com/news/2019-02-10/its-not-idle-rich-study-reveals-working-rich-driving-top-us-incomes 

America’s richest people aren’t the “idle rich” – jumping off diving boards into giant vaults full of coins and taking off for adventures with their nephews.

According to a new working paper co-authored by members of Princeton University, US Berkeley, Chicago’s Booth School of Business, and the US Treasury Department, the top 0.1 percent, or those earning more than $1.6 million per year, are the working rich. 

Using tax data linking 11 million firms to their owners, the paper found that entrepreneurs – such as doctors, lawyers, financial

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