Swaminomics: Why Piketty’s super-rich tax won't end inequality

Piketty and Co ignore the extent to which the interests of the poor and rich converge. The rich gain most in booms and lose most in recessions, yet voters prefer booms. Left intellectuals have failed to convince voters of any clear link between soaking the rich and enriching the masses.

from Markets-Economic Times https://ift.tt/31WfuPm