Fander Falconi tweets that that the rich marry each other and generate social inequality

Former Foreign Minister Fander Falconi has tweeted that “another cause that generates social inequality” is that “the rich marry each other and do not distribute wealth.”

Falconi, who is a professor at the Latin American Social Sciences Institute, has cited a blog post of Professor Geoff Riley, who in turn has referred to a book by Branko Milanovic, a professor at New York University.

Milanovic argues that one of the main forces that generate inequality in the world is what he calls “homogamy:” that the rich and the educated marry among themselves.

The other causes of inequality, according to Milanovic, would be as follows:

-The Capital inflows in all rich countries are extremely concentrated among rich people.

-The growing high income association of both capital and labor is concentrated in the hands of the same people.

– The Increasing importance of money in politics enables the rich to write the rules that favor them (including tax laws) maintaining inequality.

Source: http://www.larepublica.ec/blog/politica/2016/03/27/fander-falconi-tuitea-ricos-casan-entre-si-generan-inequidad-social/#prettyPhoto