With billionaires owning 17% of global gdp, up from 3% in 1980s, Piketty’s formula and prediction are holding true: Capital accrues more capital at an accelerating rate. No change = this gets a lot worse, including in Aus #auspol @australianunions.bsky.social www.abc.net.au/news/2026-06...
Democracy cannot survive trillionaires. We need to start taxing billionaires properly.
