the PIketty controversy

The Piketty controversy sweeping the economic press is amusing considering there's almost nothing in the main of his argument that's at all in dispute:

A) "Jump-starting economic growth has relied too much on the Federal Reserve and not enough on fiscal policy," said French economist Thomas Piketty, author of the book on wealth inequality "Capital in the Twenty-First Century."  

B) "Those who are gaining from all this printing of money are not the people that you'd like to gain," Piketty said Monday on CNBC. "You certainly need to ask more of these top income groups who got between two-thirds and three-quarters of aggregate income growth over the past 30 years in this country."

C) He did acknowledge the important role the Fed, and central banks around the world, played in preventing a complete collapse of the financial system following the 2008 crisis. "But we've been asking too much of creative monetary policy."

D)"If the growth performance of the U.S. economy had been exceptional, you know, 4 percent growth rate, 5 percent growth rate, then it would be OK. Everybody would get something," he said.
"But if you have relatively mediocre growth performance … and three-quarters of [the wealth] gets to the top, it's not a good deal for the middle class and the rest of the population."

So where's the controversy?

Piketty said his research shows that the gap between "the haves and have-nots" is going to back to levels not seen in 100 years. In the book, he also propose a host of policy changes to combat the problem, including an international wealth tax. 

AHA!

In other words Piketty proposes that SOME OF THE  4-19 TRILLION DOLLARS REDISTRIBUTED FROM THE TAX PAYER TO THE BANKING ELITES SHOULD BE REDISTRIBUTED BACK TO THE TAX PAYERS!

OMIGOD!  He's a SOCIALIST!