Yesterday marked 10 years since the release of Piketty's "Capital In The 21st Century". Hard to think of an economics book in the past 10 years which, for better or worse, has had as much influence on discussion about economics, policy and politics. A Thread🧵
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Measuring Top 1% income shares is difficult. Auten-Splitner using unreported earnings find after-tax top 1% income shares have been essentially flat since the 1960s unlike the Piketty-Saez-Zucman who find shows substantial increases. Capital21 didn't show after-tax Top 1% shares