Vilfredo Pareto, a 19th century economist, had a theory: if A equals a given income, and B equals the number of people in a country with incomes greater than A; and if the logarithms of A and B are plotted on the Cartesian y axis and x axis, respectively, the resulting curve will be inclined by approximately 56°. In other words, the rich get richer and the poor stay poor.
Pareto has now found an ally in the U.S. Government. Peter Henle, a Library of Congress labor specialist, has found in a new study...
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