INEQUALITY IN PROPERTY INCOME
The greatest disparities in income arise from differences in property income, which consists of income on assets like stocks, bonds, and real estate. With few exceptions, the people at the very top of the income pyramid derive most of their money from property income: By contrast, the poor own’ few’financial assets and therefor earn no income on their nonexistent wealth. Let’s examine the sources. of differences in wealth-saving, entrepreneur- ‘ship, and inheritance-and thus of inequalities in property income.