Thomas Piketty: New thoughts on capital in the twenty-first century

Thomas Piketty discusses the historical and future trends of income and wealth inequality, emphasizing the tendency for the rate of return on capital to exceed economic growth, leading to wealth concentration. He highlights the reversal of inequality trends between the US and Europe and the persistent higher level of wealth inequality compared to income inequality. Piketty suggests policy measures like financial transparency and progressive taxation to address these issues, while acknowledging the challenges and uncertainties in implementing such policies.

What are the implications of the statement 'r can be bigger than g forever' as discussed in the text?

What factors contribute to the balance between returns on capital and economic growth?

What are some proposed solutions to address wealth inequality mentioned in the text?

How does Thomas Piketty respond to criticisms regarding his data and methodology?