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RE: The inconvenient truth about wealth inequality
nice post.
I enjoyed reading this post. I know about the Pareto principle. Is it related to this? like 20% of people have 80% of wealth type?
Also, which type of Pareto distribution does it follow?
With the use of tax what will be the change in probability density function?
1 liners are enough. :D
Down here the distribution depends on the weeks. It is easy to see that for weeks \rightarrow \infty you will end up with the alpha=\infty Pareto distribution. Since the tax is non-uniform the probility function changes when you add tax.