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wasoxygen  ·  2561 days ago  ·  link  ·    ·  parent  ·  post: Piketty’s Crumbs

How about the air conditioning, that helps us sleep well and be alert at work? The penicillin and ambulance services, which reduce the consequences of health problems? The poor spend money on entertainment and leisure as well. More options, and more affordable options, benefit everyone.

If the poorer half today do in fact hold "5 percent of total wealth" and this is the same percentage as 1910, they are not "as poor today" as then, they are far wealthier because total wealth has grown. But "the rich get richer, the poor get richer" doesn't sell as many books.