Everybody is under suspicion But you don't wanna hear about that... It is to two economists with the American EnterpriseInstitute, Steven Kaplan and Joshua Rauh , that we owe the meme that the Forbes 400 represents the fruits of social mobility, the rewards of an essentially meritocratic society.. Kaplan and Rauh have divided the individual who find places in the Forbes 400 from 1982 to 2012 into three categories: that that come from wealthy families, those that come from upper middle class families, and those that come from working or middle class families. The claim to discern a distinct change from 1982 to 2012 – the number of individuals coming from wealthy families declines, while those from upper class families increases. Thus, there is churn at the top, due to the meritocratic structure of American capitalism. Lets go into the ways Kaplan and Rauh are full of hooey. A. Granting, for the moment, that the categorization, although a bit fuzzy, does actually repre
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