> The US has pretty good Social Mobility as well, it is complete myth that the "rich" in the US is stagnate, most of the Billionaires in the US are 1st Generation Billionaires, this highlights there are income and social mobility.
Most economists of inequality dispute this. As measured by the likelihood that you'll earn more than your parents [1], or that you'll move up the income or wealth distribution compared to where you were born [2], the United States lags significantly behind most other developed nations. Social mobility in the United States is also lower than it has almost ever been.
[1] Chetty et al., The Fading American Dream: Trends in Absolute Income Mobility Since 1940
Most economists of inequality dispute this. As measured by the likelihood that you'll earn more than your parents [1], or that you'll move up the income or wealth distribution compared to where you were born [2], the United States lags significantly behind most other developed nations. Social mobility in the United States is also lower than it has almost ever been.
[1] Chetty et al., The Fading American Dream: Trends in Absolute Income Mobility Since 1940
[2] Piketty, Capital in the Twenty-First Century