Inequality According To Thomas Piketty Of France

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Inequality Discussion According to Thomas Piketty of France, in his recent book "Capital in the 21st Century”, he addressed that the returns to capital are rising faster than economies are growing. The wealthy are getting wealthier while the poor are struggling in life. Inequality will expand to the point where it becomes unjustified both politically and economically unless action is taken to replace income and wealth. Economic growth is the change in the value of the economy’s overall productivity. Generally, an economy produces 5% more valuable goods and services and, its growth rate is 5%. If it produces 5% less, then the average rate of return on capital has held at around 4% to 5% for most of human history. It rose above 5% during the
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