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>If it were that simple people before Piketty would have reached that conclusion earlier. Perhaps you've heard the expression, "The rich get richer while the p
by spinchange 7y ago
>If it were that simple people before Piketty would have reached that conclusion earlier.
Perhaps you've heard the expression, "The rich get richer while the poor get poorer"
What Piketty did was put extensive data and a pretty rigorous methodology to work to explain why. I've not read a critique that undermines his main conclusions in a meaningful way.
It's no secret that if you already have a pile of money or capital assets you can put those to work for you which will also generate income and you will come out ahead and faster than someone without the same pile of money.
Cf https://boingboing.net/2016/08/23/bill-gates-net-worth-hits-9.html https://boingboing.net/2016/08/23/bill-gates-net-worth-hits-...