Roman ALAN on Nostr: When r > g, wealth held by the rich grows faster than the total income of workers. ...

When r > g, wealth held by the rich grows faster than the total income of workers.

For Piketty, r is the rate of return on all investments, and g comes structural factors connected to demographics and technology (rather than government policy).

This is also an interesting supplement (link to American Economic Review: Papers & Proceedings 2015):
http://piketty.pse.ens.fr/files/Piketty2015AER.pdf

Cheers!