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By Thomas McKenna
$28.04 is the price of French Economist Thomas Piketty’s bestselling book
Capital in the Twenty-First Century. If you were to ask Mr. Piketty if he should be allowed to keep his profits, he would probably say yes. After all, his 685 pages of dense economic analysis came at a high price: many years of education, research, and writing. He should be allowed to reap the fruits of his labor, right? Don’t be so sure.
If we were to apply the theory that undergirds Mr. Piketty’s book to his own income, we would find that he must relinquish most of it. Mr. Piketty’s book is grounded in an ideology that values economic equality over economic freedom and rebukes capitalism as an immoral system. His chapter titled, “Rethinking the Progressive Income Tax,” lays it out for your lying eyes.