The FIRE community is grateful for the works of many sociologists in the past. The most important work is The Millionaire Next Door by Thomas Stanley. Sadly the field of sociology has been co-opted by left-winged bleeding hearts who'd rather find excuses to soak the rich and distribute their wealth to others. To these guys,  it is immoral to profit from conducting a business and climbing up the economic ladder, but it is perfectly fine to use taxation to take wealth from others who earned their money legitimately.   As much as I hate this current generation of woke social scientists (especially the more self-righteous academics in NTU), I try very hard to keep up with their works because the moment people start feeling hope is lost or social mobility is non-existent, they will invoke these papers to support wealth redistribution. At the moment, we're seeing attempts by the US...