Here a link to the article: The New American Article
Pareto is a well known name for the Pareto Chart. He is also known for the 80/20 rule. This shows his theory of political economy explaining why those who seek to spend public money win at the political game. Notice that the foundational concept is one of the simplest of all mathematical ideas – the many and the few. He then infers that if the recipients of a given amount of money are few and those who give the money are many, then the motivation to act politically is in inverse proportion to those numbers.
It appears that there are people between the ages of 46 and 60 (in 2017) getting by far the largest average monthly benefit paid in June 2017 than all other ages. As we dig deeper into the NJ pension data, we will learn more about these privileged few? Click the link below to learn more.