Larry Ludwig from Investor Junkie is occupying MMS this week in order to give us his thoughts on the income inequality debate generated by this summer's blockbuster bestseller: Thomas Picketty's Capital In the Twenty-First Century. Any time that a book as long as the Bible that is written by a French economist ends up on coffee tables around the world - you know something interesting has happened. For those of you having flashbacks to boring English classes, have no fear - this isn't a book club - we chat about what you can do claim your spot in a shrinking middle class no matter what the 1% is doing.

Show notes: http://moneymastermindshow.com/episode8/

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Is Wealth Inequality Systemic In Our World?

Key Takeaways From This Episode

Some important questions discussed in this episode:

- Is income inequality even a problem? Hasn't it been around forever?

- What has taxation looked like in the past? It can't have changed that much right?

- How does corporate taxation and recent "corporations as people" chatter factor into this whole income inequality debate?

- What do the infamous 1% do to make all their money? (*Hint: They aren't just working more overtime.)

- What steps can you take regardless of what the 1% are doing?

Links

OECD on inequality.

David Astor from MIT talks about the economic importance of an education.

The fluidity of top income earners in the USA.

Everything you need to know about Thomas Picketty's 700+ page bestselling tome.

George Mason University looks at historical federal tax-to-GDP ratios.

Items Mentioned In This Show

Thomas Picketty's Capital in the 21st Century.

The Executive Summary of Thomas Picketty's Capital in the 21st Century (*It's only 40ish pages so people might actually get through it!)

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Panelists:

For a quick bio of each of our show participants, head on over to our panelists page. http://moneymastermindshow.com/panelists/

Special Guest: Larry Ludwig | InvestorJunkie.com

Glen Craig | FreeFromBroke.com

Kyle Prevost | YoungandThrifty.ca

Miranda Marquit | PlantingMoneySeeds.com

Peter Anderson | BibleMoneyMatters.com

Tom Drake | CanadianFinanceBlog.com

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