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(CBS News)   How did a 700-page book on economics surge to No. 1 on Amazon? Here comes the math   (cbsnews.com) divider line 161
    More: Interesting, Amazon, Thomas Piketty, economics, New York Review of Books, e-books, Lawrence Mishel  
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12301 clicks; posted to Main » on 26 Apr 2014 at 11:46 AM (30 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-04-27 10:32:36 AM  

Hardy-r-r: I have not read the book but its description from the article leads me to think all I have to do is look at the disparaging gap that is increasing at an increasing rate between the wealthy & the rest of us.



You don't need a weatherman to know which way the wind blows.  - bob dylan.
 
2014-04-27 11:02:35 AM  
Thought I seen "French economist" while I was dodging the popup and just closed the page...
 
2014-04-27 01:49:32 PM  
"When the rate of return of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which which democratic societies are based," Piketty writes.

He says that like the societal collapse is a bad thing....

OK, so presuming it is -- could a country evade this selection pressure by adjusting capital gains taxation policy, such that the effective rate of return on capital would be based from the measured rate of growth in output and income?
 
2014-04-27 02:58:40 PM  

snocone: Tax 'em

Then tax the tax

Then tax the Rich 'till there are no more.

That is what society is "supposed" do do. Apportion resources fairly to all.

We are reaching the point where our remaining resources are the Rich' holdings, squirreled away to perpetrate their personal "Dynasty".

They did it wrong!
Time for a correction.


And when there are no more rich, who are you going to tax?

Socialism didn't work in the 20th Century, son, only a fool would think it'd work in the 21st.
 
2014-04-27 03:52:07 PM  

Mouser: Socialism didn't work in the 20th Century, son


Yes it did--not real socialism, but the teatard definition of "socialism" was rampant in America pre-Bush II, and is still universally rampant throughout the first world.  It worked/works just fine, because it's actually capitalism.
 
2014-04-27 04:33:39 PM  

some_beer_drinker: CodeMonkey4Life: Runningjoke: Fark comments are an example of the tragedy of the commons.

It's a tradition here to have strong opinions about things we obviously haven't read, be it the bible, the constitution or any other tl;dr; pile of words.

arguing is much more fun than learning and requires less work.

The rate of ranting exceeds the growth of knowledge so the inevitable result is an ever increasing percentage of posts being stupid ;)

yeah, but i read that whole book today. hope i'm not the only one.


It's a well researched, entertaining and interesting work.
Many things like the historical rate of growth and way countries that exceed it are always in a "catch up" mode came as surprises to me.

The use of 19th century literature to illuminate some of the raw numbers was fun, I might even read some Balzac later.
( no I won't)
 
2014-04-27 06:26:10 PM  

Mouser: snocone: Tax 'em

Then tax the tax

Then tax the Rich 'till there are no more.

That is what society is "supposed" do do. Apportion resources fairly to all.

We are reaching the point where our remaining resources are the Rich' holdings, squirreled away to perpetrate their personal "Dynasty".

They did it wrong!
Time for a correction.

And when there are no more rich, who are you going to tax?

Socialism didn't work in the 20th Century, son, only a fool would think it'd work in the 21st.


Works just fine for a century.
'Cause, they'll be baacckkk,,,
 
2014-04-27 06:29:21 PM  
You have, of course heard the Buffalo Herd Brain Cell Theory.

Well, lemme tell you the Eat The Rich Like Mushrooms Theory.
 
2014-04-27 07:11:06 PM  

Mouser: snocone: Tax 'em

Then tax the tax

Then tax the Rich 'till there are no more.

That is what society is "supposed" do do. Apportion resources fairly to all.

We are reaching the point where our remaining resources are the Rich' holdings, squirreled away to perpetrate their personal "Dynasty".

They did it wrong!
Time for a correction.

And when there are no more rich, who are you going to tax?

Socialism didn't work in the 20th Century, son, only a fool would think it'd work in the 21st.


so you WANT to be a peasant?
 
2014-04-27 07:13:41 PM  

some_beer_drinker: Mouser: snocone: Tax 'em

Then tax the tax

Then tax the Rich 'till there are no more.

That is what society is "supposed" do do. Apportion resources fairly to all.

We are reaching the point where our remaining resources are the Rich' holdings, squirreled away to perpetrate their personal "Dynasty".

They did it wrong!
Time for a correction.

And when there are no more rich, who are you going to tax?

Socialism didn't work in the 20th Century, son, only a fool would think it'd work in the 21st.

so you WANT to be a peasant?


HaHa.
You ARE what you farking are, peasant.
 
2014-04-28 12:02:25 AM  

BumpInTheNight: "Psychic wins lottery, again!"
-no headline ever


Maybe it's because after that they see the headlines: "Lottery-winning psychic killed by outraged, fearful mob" or "Lottery-winning psychic a possible threat to humanity, flown to unknown location to be questioned" or "Lottery-winning psychic disappeared like Jimmy Hoffa."

If you're psychic, you might not be comfortable letting the whole world know it.

/If being psychic works that way in the first place.  Psychics aren't omniscient.
 
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