I have read several good article about income inequality. They are all discussing a new book by Thomas Piketty (Professor at the Paris School of Economics) with the title: Capital in the Twenty-First Century
I work with data all day and his analysis of a century of (income) data makes it very clear what we all see around us: unregulated capitalism naturally widens the wealth gap between rich and poor, and will continue to do so.
According to Piketty, we live in a “Belle Époque” — defined by the incredible rise of the “one percent.”
His works put the fear right to the bones of all conservatives: James Pethokoukis of the American Enterprise Institute warns that Mr. Piketty’s work must be refuted, because otherwise it “will spread among the clerisy and reshape the political economic landscape on which all future policy battles will be waged.”
Another thing is also funny, the conservatives try to downrate his work on Amazon via 1 star reviews, but reading them makes me just laugh. They are pretty hilarious. Paul Krugman quotes: “The really striking thing about the debate so far is that the right seems unable to mount any kind of substantive counterattack to Mr. Piketty’s thesis.” If you read the 1 star reviews, you will have a pretty good laugh.
I downloaded them for this Huffington Post article.
I am full of hope as there are economists now supporting my views about income & wealth inequality the result will be a feasable solution. Not for me in person, but for my little boy and all other children on this planet. Do not want him to grow up in a world I can only imagine being something like what I have seen in the movie the Hunger Games.