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According to Thomas Picketty's grand theory on the capital and inequality in the United States, he pointed out a general rule that wealth grows faster
According to Thomas Picketty's grand theory on the capital and inequality in the United States, he pointed out a general rule that wealth grows faster as compared to the output in an economy. He argues that if the growth rate is low, then wealth is likely to accumulate faster from r in comparison to labor and likely to inequality. He used expressions of "r" and "g" in his explanations where "r" (the rate of return to wealth) and "g" (g is the economic growth rate). Faster growth in an economy tends to diminish the significance of wealth in a society other things are kept constant, whereas slower growth will increase wealth in a society. Finally, a change in a demographic that decreases international growth will be turning the capital to be more dominant. In his paragraph be sure to describe BOTH the main facts regarding the historical evolution of wealth inequality AND Picketty's account of why this happens. For the latter you will need to discuss the variables r and g, and how their relationship may affect wealth inequality
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