Anyway, Mr. Piketty apparently says the only way to address "income inequality" is to slap massive new taxes on rich people all over the world.
"There are two big forces that are squeezing the middle class," Piketty said in an interview with the Associated Press. "One is the rise of the very top executive compensation, which implies that the share of labor income going to the middle and lower class is shrinking. That has been quite spectacular in the U.S. The other force we see is that the share of a country's income going to labor tends to decline when the share that goes to capital is rising."