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Bit of a giveaway to write ' demolished the myth of 'trickle-down'. I am not familiar with the authors apart from Thomas Pickety. However would one seriously ex
by vixen99 5y ago
Bit of a giveaway to write ' demolished the myth of 'trickle-down'. I am not familiar with the authors apart from Thomas Pickety. However would one seriously expect any other conclusion from him? He and the other authors (if they inserted the word 'myth') had an agenda and naturally, produced a report validating it.This is not to say there are no serious issues with the 98% of wealth distribution. I should not use the latter word because it implies a zero sum game for wealth which is not the case. It's otherwise known as the Pie Fallacy of wealth. It's out there and greedy rich people have grabbed the lion's share. Many people still believe this.
- pydry 5y agoThomas Piketty's work is surprisingly banal. If you've ever heard anybody with money talk about "the magic of compounding" they're essentially saying the same thing he demonstrated with a huge pile of data, except on a personal, rather than societal level. It's controversial solely for the same reason global warming is - it threatens wealth.
- deleted 5y ago[deleted]
- temp10298385 5y agoIt is interesting that you think that Piketty, who has studied growth extensively, has not considered the positive sum aspects of the economy. If you read his books you will see him talk about it in excruciating detail.