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Emmanuel Saez starts his keynote on “the Triumph of Injustice” at @NatlTax @InequalityHKS. Here are the key points from the talk. 
Older series done by @PikettyLeMonde and Saez only captured fiscal income— but that’s not all income going to people. Distributional national accounts improve the series by attributing all national income (including non taxed income) to different groups
Saez: “What the top 1% has gained, is almost exactly what the bottom 50% has lost.”
