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In SOTU, President Punts on Income Inequality


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In SOTU, President Punts on Income Inequality

Michael Winship

Much of the buildup to President Obama’s State of the Union address made it sound as if he was going to read chapter and verse from French economist Thomas Piketty’s book, Capital in the 21st Century – you know, last year’s 700-plus page best seller, the one that was unexpectedly all the rage as it argued that vast economic inequality is as much about wealth (what’s owned) as it is about income (what’s earned). That one.