Wow just wow. What an incredibly awful piece of writing. Where are the facts to support any of his claims. Most of them are provably wrong. Economists study the

Wow just wow. What an incredibly awful piece of writing. Where are the facts to support any of his claims. Most of them are provably wrong. Economists study these things. Picketty for instance wrote a gigantic books showing that rates of return on Capital vs productivity growth are a huge reason for inequality. We can see that as a huge percentage of the wealthy inherited their money. We have extremely low rates of productivity growth in the US right now by historical standards. We have huge rates of corporate stock buybacks that outpace research and development for the first time ever. Startups are not representative of the economy. In fact we’ve never had a period with fewer startups than now. New business creation is at a low peak in the US. Paul graham may be a great tech investor but he clearly has no understanding of macroeconomic trends in the US.