hadn't realized large capital accumulations inevitably afford better & better wealth management for smaller & smaller percent cost. #Piketty
TagPiketty
"There are no natural forces that would prevent inequality growing beyond any reasonable level." —#Piketty
"Rich countries are rich — It's their governments that are poor." —#Piketty
"If you have only one data point, everything is a constant." —#Piketty
Standard explanation for income inquality (due to supply & demand for advanced skills) is insufficient. #Piketty
observes there is already standing-room-only for the @UMassAmherst #Piketty lecture: "Capital in the 21st Century" / alvenis sufiĉe frue.