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" ... So there are a lot of owners in Burgundy. A single vineyard of a few hectares can have a dozen different owners. Some make and bottle their own wine. Some sell their grapes to a négociant, and some simply rent their four rows of vines to a winemaker and live the high-life as a rentier in the Eighth. Well, they need a little more than four rows for that, but you get the idea. ... "
" ... Which is an absurd point for Piketty to make. Because recall what his real objection to the uneven distribution of financial capital is. It isn't that people could sell it and then ski down mountains of cash. Rather, it's that they would be able to live off the income from the investment of that capital. That is, we would return to having a rentier class. ... "