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Thomas Piketty on Inequality and Capital in the 21st Century

EconTalk

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The Inequality Index Is Not Excludable

If i have a small business, it's now starting in 19 86, it's advantageous and for tax reasons, to call that income rather than corporate profit. So the labor share artificially rises in the eighties, wy. But this, you should see it in capital gains a bit later. When you have a lot of retainon things beteen your corporation, at some times, you will want to get two cash capital gains out of that. And so we do, taking to account tis through a capital gains, which is a big partofo teofte overol picture.

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