Gini coefficient data from Our World in Data [1] agrees with Piketty: Inequality has been increasing since the 1980s (likely from Reagan's tax cuts on the rich).
I think that Piketty's data is right, but even if he's not, I certainly buy his argument that when r>g, inequality increases [2]. We have better protection against viruses and other diseases, we have better tech; why are we are willing to tolerate the higher or even the same level of inequality? We could lower inequality and make everyone richer [3].
I think that Piketty's data is right, but even if he's not, I certainly buy his argument that when r>g, inequality increases [2]. We have better protection against viruses and other diseases, we have better tech; why are we are willing to tolerate the higher or even the same level of inequality? We could lower inequality and make everyone richer [3].
[1] https://ourworldindata.org/economic-inequality
[2] https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Ce...
[3] https://www.paecon.net/PAEReview/issue95/Roth95.pdf