Piketty’s Missing Rentiers
Thomas Piketty predicts that interest rates will rise substantially above the growth rate, capital will accumulate, and the rich will get richer through inheritance and capital income, rather than through outlandish salaries and stock options. But unearned income is not what is driving the current rise in inequality.
https://prosyn.org/p607QPG
CAMBRIDGE – Most reviews of Thomas Piketty’s book Capital in the Twenty-First Century have already been written since its startling rise to the top of bestseller lists in April. But I thought it wise to read the volume in its entirety before offering my thoughts. It has taken me five months, but I have finally finished it.