Economist Proves: Reagan’s Deregulation caused Today’s Income Inequality.

[wouldsman]

18. Piketty supports this also

SPecifically regarding this quote:
"when the compensation packages of corporate chief executives were linked directly to the stock value, and has accelerated in recent years – even though it’s been little noticed and rarely discussed as a prime driver of economic inequality. "
From page 264-265 of 'Capital':
"The second way of achieving such high inequality is a relatively new. It was largely created by the United States over the past few decades. Here we see that a very high level of total income inequality can be the result of a 'hyper meritocratic' society…..a society of superstars…or perhaps super managers……"

These super meritocrats Piketty refers to are these overpaid CEO's who are using their position (and stacking of their board with friends) to siphon a disproportionate amount of wealth out of the company and stockholders hands and into their own. He is not stating that they "merit" this, just that they do it.

"Regular Joe Citizen" really needs to read this article and grasp some of these complexities or we will never create the positive change our society needs.

Thanks for the article OP!