3. Income vs. Wealth Inequality: In class we discussed arguments for and against focusing on income inequality vs wealth inequality. We will now see these in action through a toy example. Set up: . Imagine an economy with three people, A, B, and C who each earn an annual income, I, for i c (A, B, C) and save a portion of their income, s. Their wealth is denoted by the same letter that denotes their identity, i.e. at time period t, the wealth of person A is given by A, the wealth of person B is given by Bo and so on. . Suppose at a point in time (t 0) An