The world's richest families got MUCH richer, thanks to the stock market

[Brian_Shock]

@LurksNoMore

If the interest rates and bond yields were higher, the rich would be getting richer on those. This is not the fault of the stock market as such, but of generational wealth concentration and insufficient progressive and estate taxation.

That’s pretty much the gist of Piketty’s “Capital In The 21st Century,” I think.

But in the U.S., I’m still more than a little annoyed that a paycheck for an honest day’s work is taxed more than financial gains (stocks, bonds, interest, whatever).