re: #447 BryanS

People with high incomes are also that.

They may or may not be.

How many times does a well compensated exec go off and fund a new venture?

I don’t know. Do you have some data on this?

If only the already wealthy can generate wealth, then there is no upward mobility.

Well, no. There’s still the upward mobility of getting paid more, even if you don’t become hyperwealthy. My dad is middle class, his father was working class, because my dad has a higher salary, not because he started a business.

And anyway, our social mobility has been slowing; most of Europe is better than us now.

Not all highly compensated employees came from wealth—many of them got that way from their compensation package, including stock based compensation (which is also a form of income and taxed as such already).

I’m not certain why we’re now talking about highly compensated employees coming from wealth, since what I said was that those with wealth, rather than those with high incomes, are the ones who invest in companies. I made no claims about highly compensated employees at all.