A Case of Piketty Fever at the OECD

The OECD has issued a report using Thomas Piketty's inequality data and recommending harsher taxation for the wealthy. It ought to collect more information on the poor's income structure before jumping to conclusions.
A Harlem resident chooses groceries at a food bank in New York City. Photographer: John Moore/Getty Images

The French economist Thomas Piketty has become something of a rock star with his recent book on inequality, and now the Organization of Economic Cooperation and Development has embraced his data and ideas in a freshly issued report. The think tank of developed economies makes tax policy recommendations based on Piketty's analysis, despite a major flaw: His failure to account for social transfers as a source of income.

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