Here’s Why This Best-Selling Book Is Freaking Out the Super-Wealthy (Rana Foroohar) from Time Magazine
"The main reason is that it proves, irrefutably and clearly, what we’ve all suspected for some time now —the rich ARE getting richer compared to everyone else, and their wealth isn’t trickling down. In fact, it’s trickling up. ... Result: people with lots of investments take a bigger chunk of the world’s wealth, relative to everyone else, with every passing year."
Piketty's book is making a LOT of news -- appropriately so in my view! More analysis follows in today's nuggets.
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