Quote of the Week

To be sure, older individuals are certainly richer on average than younger ones. But the concentration of wealth is actually nearly as great within each age cohort as it is for the population as a whole. In other words, and contrary to a widespread belief, intergenerational warfare has not replaced class warfare.

— Thomas Piketty, Capital in the Twenty-First Century (Cambridge: Belknap Press, 2014), pp. 245–246.

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