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> In peacetime, r has always been much greater than g This is an ultra simplistic formula, made by someone who's been born, raised and fed in a highly socialis
by TacticalCoder 2y ago
> In peacetime, r has always been much greater than g
This is an ultra simplistic formula, made by someone who's been born, raised and fed in a highly socialist country where the only word politicians know is "tax".
- JumpCrisscross 2y ago> is an ultra simplistic formula No shit. What gave it away, the two terms or the inequality? :) Joking aside, it's simplistic because it's elementary. If real returns exceed real growth, ceteris paribus, you have a net flow of principal (so to speak) from labour to capital. That doesn't mean one can conclude the argument with those two variables alone. But it's a valid starting point, and concludes with many solutions other than increasing taxes to reduce r.
- twoodfin 2y agoWhy is reducing “r” desirable? Why not try to raise “g” instead?
- tehjoker 2y agoInequality is a social poison all on its own. For example, democracy is meaningless when men of means can buy elections.
- amanaplanacanal 2y agoAnd we have many historical examples of it leading to eventual mob violence.
- JetSpiegel 2y agoFrance, that socialist country. The current government is a right-wing neoliberal and the next are neo-fascists.