Excerpt
Excerpt
American Inequality Goes Beyond Dollars and Cents, Lawrence Summers, June 8, 2014, Opinion. "With Thomas Piketty’s book Capital in the Twenty-First Century rising to No. 1 on the New York Times bestseller list, inequality has become central to the public debate in this country over economic policy. Piketty focuses, as does much of this discussion, on the sharp increases in the share of income and wealth going to the richest 1 percent, 0.1 percent and 0.01 percent of the population. This is indeed a critical issue. Whatever the resolution of particular arguments about particular numbers, it is almost..." Link