I didn’t want to read Piketty’s book Capital, and probably wouldn’t have, but now comes a development that removes every trace of all my guilt and shame. I didn’t want to read it because he believes in way-progressive tax rates, which is grabby, grabby, grabby, and grabby, grabby, grabby is contrary to the spirit of the gospel. You know. Second, he wants a global tax, which means a global tax collector. Ick. Poo. Gakk.
But now, I am saved by the bell. No need to worry about it. It appears that the numbers were cooked.
Postscript: But . . . since we are talking about economic numbers for the whole world, it should not be surprising that there is room for some discussion. You can read more here and a response from Piketty here. So maybe the numbers aren’t cooked. Maybe they are just half baked.