Part three of “Capital in the Twenty-First Century” by Thomas Piketty, discusses how much the structure of inequality has changed since the nineteenth century regarding labor and wealth. The central theme of part three is that wealth is unevenly distributed compared to income. On page 267, [Piketty] makes a powerful statement regarding the distribution of wealth. [Piketty] states, “… the growth of a true “patrimonial middle class” was the principal structural transformation of the allocation of wealth in the developed countries in the twentieth century. The upper 10 percent of the labor wages mostly collects 25-30 percent of total labor income. On the other hand, the top 10 percent of the capital continuously possess more than 50 percent of
