"an idea whose time has come" #3

I wrote two posts last week on the new book by Thomas Piketty, explaining that wealth always begets more wealth and widens the inequality gap, because capital investment always grows more than the product and workers' pay.   The only way to tilt that back toward more equality is by a global tax on wealth itself, rather than on income.

Admittedly, any economic theory is complicated and difficult for those who don't work at it.    For those of us who can just barely get Economics 101, Elizabeth Warren has translated Piketty's message.

"Trickle down doesn't work.  Never did."

Thanks, Sen. Warren.   We needed that.

Ralph