Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated No

Last Checked June 4, 2021

Created

Sun May 02 16:08:36 +0000 2021

Likes

284

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

Paul Krugman @paulkrugman

Roughly, the bottom 95% of incomes seem to fit a lognormal distribution pretty well. But the upper tail is much, much fatter than that would suggest; far more weight on extremely high incomes, fitting Pareto very well 2/ — PolitiTweet.org

Posted May 2, 2021

Preceded By

Paul Krugman @paulkrugman

Nerd interest only: I got some comments from hard-science types about my log-log plot in Friday's newsletter illustrating the Pareto aspect of top income; they claimed that any distribution would look like that. But bottom 95% of inc dist doesn't: 1/ https://t.co/hfg1w4M3ZT — PolitiTweet.org

Posted May 2, 2021

Followed By

Paul Krugman @paulkrugman

The real-world importance of this observation is that there's a lot of income way up there at the top. Which is why effectively taxing that income matters 3/ — PolitiTweet.org

Posted May 2, 2021