Reply to Income inequality tome based in part on errors and fabrications

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[quote=Anonymous]
There are many, many influential people who would love to reject Picketty's theories (and some have, including fellow economists), since they demonstrate exactly the opposite of what the Western ruling classes have touted throughout the 20th and 21st century. To wit, that undeveloped as well as fully developed countries create more inequality than developing countries.

That is an extremely revolutionary concept. Of course it's not going to go down well! Of course it's going to attract counter-arguments and accusations of all kinds, including the ridiculous one of dishonesty. People are afraid of the practical consequences to their lifestyle if governments were to correct that inequality as suggested by Picketty! But of course they won't, since they would go down as well. It will take many years, maybe centuries, to reflect and effect change on current economic dynamics and markets.

Nevertheless, no one has ever produced such a complete and researched an explanation of why inequality is rising inexorably, except Picketty. I believe his idea of looking at tax records over decades is a very interesting method. As a scientist doing primary research, I know that all methods have drawbacks and limitations, some more than others - that doesn't mean that they are fundamentally unsound!

His book will go down in history as a very serious and respectable attempt at understanding the main problem of our times. Kudos to him.
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