Point taken Take a look at the Forbes 400 list of the - TopicsExpress

Point taken Take a look at the Forbes 400 list of the wealthiest Americans. About half the people on the list are entrepreneurs whose companies did very well (thanks to hard work as well as a lot of luck). Contrary to Piketty’s rentier hypothesis, I don’t see anyone on the list whose ancestors bought a great parcel of land in 1780 and have been accumulating family wealth by collecting rents ever since. In America, that old money is long gone—through instability, inflation, taxes, philanthropy, and spending. gatesnotes/Books/Why-Inequality-Matters-Capital-in-21st-Century-Review

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