Taking away the bulk of the rich's money will
fix income inequality, according to French economist Thomas Piketty:
Piketty's terror at rising inequality is an important data point for the reader. It has perhaps influenced his judgment and his tendentious reading of his own evidence. It could also explain why the book has been greeted with such erotic intensity....
It's no surprise that the idea of levying enormously high taxes on rich people's money has had rising support in this era of proudly unearned self-esteem and entitlement, as well as decline in the power of religious prohibitions such as the commandment against covetousness.
More
at the WSJ:
While America's corporate executives are his special bête noire, Mr. Piketty is also deeply troubled by the tens of millions of working people—a group he disparagingly calls "petits rentiers"—whose income puts them nowhere near the "one percent" but who still have savings, retirement accounts and other assets. That this very large demographic group will get larger, grow wealthier and pass on assets via inheritance is "a fairly disturbing form of inequality." He laments that it is difficult to "correct" because it involves a broad segment of the population, not a small elite that is easily demonized.
Oh, but it can be done. Where there's a will, there's a way. Piketty need only take lessons from Stalin re the kulaks, and from Pol Pot re---well, re just about everybody.