Pareto Distribution 

This is a nasty distribution, also known as the hockey stick 

where 1% will get 90% of the outputs

I am indebted to Professor Jordan Peterson of University of Toronto

Here is Professor Jordan Peterson

Also 
Derek de Sollar Price for Price Law

Here is the original Vilfredo Pareto 

 


Here is link to my youtube video 
https://www.youtube.com/watch?v=iA4ZGg0QZw8


Basic Tenets here

IQ  is  Distributed Normally


 








Wealth Distribution is Pareto 

Is the system Fair?

Yes, it is
E.g.  Pareto Distribution applies to Sports, Music, Academic publication and citations and now Income Distribution

The Distribution is the same
but the Players are different 

E.g. Richest Man on Earth
It is either Bill Gates, Carlos Slim or Warren Buffett

But these men cannot pass on their economic dominance to the next generation 

The sons and daughters or Gates, Slim or Buffett will never be billionaires (without inheritance)