> Meanwhile, the Very High Net Worth cohort collect far more, and more from investment gains not labor, and fool the public into blaming the upper middle class

> Meanwhile, the Very High Net Worth cohort collect far more, and more from investment gains not labor, and fool the public into blaming the upper middle class HNWI I think Thomas Piketty's proposal at the end of "Capital in the Twenty-First Century" for a progressive global tax on wealth, not income, could be a very positive thing. One of Piketty's points was that even putting in place a wealth tax with a pretty negligible tax rate would require governments to establish the necessary bureaucracy for collecting data on the wealth of their citizens and residents, and a few years afterwards there would be a lot more data for citizens, academics and policy makers to use when discussing and designing taxation policy.