published Dec 8th 2016, 6:30 am, by Megan McArdle (Bloomberg View) — Income mobility is a problem for everyone. Most people, in most countries, dream of a world where birth does not limit your status in society. No country has achieved this happy end, though some of them do better

©2015 Bloomberg News NV4PIR6KLVRQ (Bloomberg) — Gaeton Della Penna met many of his clients through his church. The Sarasota, Florida, financial adviser took their $3.8 million and promised safe investments with returns of at least 5 percent a year. Instead, in May 2014, the U.S. Securities and Exchange Commission charged him with using some of the money on