"French economist Thomas Piketty and colleagues have for years been publishing data showing extreme changes in top 1 percent income and wealth shares in the United States over the decades. Many news outlets report the information unquestioned, despite evidence that Piketty is sloppy with data and makes bad assumptions that throw his calculations off.
The other day in the Wall Street Journal, Phillip W. Magness and Vincent Geloso described errors in the top 1 percent income data of Piketty and his colleagues." The Cato Institute
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