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Are you referring to Piketty's work and folks like Krugman going on interviews to talk about it?
by 7thaccount 3y ago
Are you referring to Piketty's work and folks like Krugman going on interviews to talk about it?
- verisimi 3y agoI'm making the point that the way legislation etc is drafted, the clauses that are allowed - the whole captured system really, that allows the very rich to be able to increase their wealth through inheritance, is problematic if it is seen to be unfair. People will get angry, as inflation, carbon taxes, etc start to bite. The billionaires will feel some heat. In order to manage that tension, you need certain people who appear to be against you, but are actually in your pocket. Picketty is surely one of those. He will say contentious things, that appear to be critical of billionaires, but his real job is to help manage popular discontent, by sucking up the air from others whose response that would be more problematic to those billionaires.