>Piketty's theory is not that capital's share of income is increasing.
and
>His theory is that wealth grows faster than the economy, and that it creates wealth inequality.
This is the same thing..
Whether the 'income' is in capital gains or in dividends, if wealth grows faster than the economy, it means that capital's share of earnings is increasing.
and
>His theory is that wealth grows faster than the economy, and that it creates wealth inequality.
This is the same thing..
Whether the 'income' is in capital gains or in dividends, if wealth grows faster than the economy, it means that capital's share of earnings is increasing.