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David Leonhardt's Article On Inequality

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David Leonhardt's Article On Inequality
In the article “Inequality Has Been Going on Forever, but That Doesn’t Mean It’s Inevitable” written by David Leonhardt the views of French economist Thomas Piketty are discussed. He discusses that inequality has been around through much of modern history except during wars, depressions, and the time of recovery that follow them. The essay states “and inequality is likely to continue increasing for decades, he says” (Graff, et al. 543). His views are rooted in the idea that the value of capital drives inequalities. When people of a society can have excess profits from capital, this puts them at an advantage over those with capital holdings much smaller and cannot have excess returns. This allowing the person with excess returns to reinvest
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