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June 10, 2014 05:56 am PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/0FhPElthIyY/pikettys-inherited-wealth-dy.html
Piketty's inherited-wealth dystopia: private capital millionairesmultiply
Thomas Piketty's much-discussed economics bestseller Capital in the Twenty First Century prophesies a future where inherited wealth dominates the world, because the rate of return on capital outstrips the rate of growth in the economy, meaning the money your ancestors earned will always outstrip what you could earn. A new Boston Consulting Group report confirms Piketty's hypothesis, concluding that the share of wealth due to capital increased by 14% last year Read the rest
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/0FhPElthIyY/pikettys-inherited-wealth-dy.html
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