A Billionaire President's S.O.T.U. And Inequality – Countercurrents
When Thomas Piketty published his book “Capitalism in the Twenty-First Century” five years ago, it was a sensation. He had analyzed historical concentrations of wealth. Why do the rich get richer? Because the rates of return on capital exceed the rates of economic growth, and the inevitable wealth inequality leads to destabilization. Tax cuts favoring the wealthy can only worsen[Read More...]