Everyone is reading Piketty wrong — including Piketty!

Want to really shut down the chief engine generating inequality? Forget the author's solution and do this instead

As everybody now knows, r>g. That is, under capitalism’s natural pressures, wealth tends to concentrate. We have a convincingly large data set to show it, thanks to Thomas Piketty, whose 700-page economics tome “Capital in the 21st Century” is beating out Colton Burpo on Amazon.

Capital assets (stocks, bonds, real estate, land, patents, &c.) yield returns (profits, dividends, inte ... Read more »