Voluminous Quotes

(Like the mighty Wall Street Journal`s WSJ.com, with its 461,000 paying subscribers, the Racing Form already gathers voluminous data for its print edition. And no one resembles stock traders more than serious horse players. Potentially, it`s a big business. Of the $14 billion wagered on the ponies every year (movie ticket sales last year, by contrast, totaled less than $8 billion), 10 percent of the bettors staked 90 percent of the money. These are hard-core gamblers, info junkies looking for an edge, and they`re Racing Form readers.) The average person bets $125 a day at the races, ... A Form user bets $500.

Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.