The inequality literature has paid little attention to the intergenerational
consequences of increasing top income shares that it has so carefully documented.
Freeland (2012) graphically documents the degree to which the top
1 percent, by virtue of the magnitude of their income, are divorced from the
rest of the population in their work arrangements, consumption behavior, and
beliefs. I have argued here that the top 1 percent are also different in the way
advantages are passed on to the next generation, which certainly involves much