It's no longer Gordon Gecko. Now it's Gordon Gecko's kids who inherited that wealth. Dynastic fortunes tend to take an ever-growing share of national wealth. You have a situation (now) where dynasties come increasingly more dominant of the top of the economic spectrum. Nobel Peace Prize winner Bill Moyers with NYT columnist Paul Krugman on the new book that’s the talk of academia and the media, Capital in the Twenty-First Century by Thomas Piketty. This 42-year-old who teaches at the Paris School of Economics, shows that two-thirds of America’s increase in income inequality over the past four decades is the result of steep raises given to the country’s highest earners.
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