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I don't need to look up that argument because it is well known, it shows up here pretty much on every discussion on this topic. It's repetitive, it's boring. An
by nickpp 6y ago
I don't need to look up that argument because it is well known, it shows up here pretty much on every discussion on this topic. It's repetitive, it's boring. And it is wrong. It doesn't say much and worse, it does not explain anything. It is so open to interpretation that is useless. Using it in an argument is intellectually lazy. But so is saying "rich people take all the wealth".
The free market and being rational are tools that are proven to work. They brought all the advances we enjoy every day in our life. I am eager to learn the other tools you propose instead.
Oh, and of course I am aware of Piketty. I also know he is wrong, laughably and demonstrably so. Not the first economist to be wrong, anyway. Turns out being well known doesn't make you right - kind of like Marx I guess.