By John Lawrence
Now that Thomas Piketty has clued us in with his book, Capital in the Twenty-First Century, that the upper one percent is making all the money and that the middle class is getting screwed, as if we didn't already know that, the question remains what should we do about it?
Paul Krugman seems to think that government should redistribute money from the wealthy to the poor, and this would be a good solution, one that is achieving good results in Europe, but, since the US government is owned by the wealthy, one that is unlikely to be manifested here any time soon.
Piketty points out that income is derived from two sources: labor and return on capital or wealth. Capital and wealth are essentially synonymous by the way.
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