The politically convenient but largely bogus Unified Economic Theory of Modern Liberalism

Thomas Piketty really only got it half right

Wealthy without the growth.

Here's some good news for America's 99.99 percent: We probably aren't destined to wage slave our way through a nightmarish Downton Abbey-meets-Elysium dystopia where all the wealth is owned by the lay-about scions of today's Silicon Valley and Wall Street elite.

Indeed, inequality alarmist Thomas Piketty, author of the best-selling (though lightly read) Capital in the Twenty-First Century, is pulling back from his strong claim that the super-rich are going to get ever and always super-richer and super-richer. "An endless inegalitarian spiral," as he puts it. And that ought to be good news for all of us.

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