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Let's get this out of the way. I agree with Piketty's overall conclusion in Capital about inequality, that: the distribution of wealth in many industrial nations is highly unequal, wealth concentration has been increasing; and there is a high likelihood that the extent of wealth inequality will continue to grow unless appropriate fiscal policy is used to reverse current trends. However, I don't agree with:
-- the framework he uses to define and specify “capital”;
-- the way he looks at Government finance and net worth; and
-- the fiscal policy proposals he offers to reduce Inequality and put a stop to current trends of growth in the capital to income ratio.
