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I haven’t read Piketty, but another book pointing in the same direction is The Meritocracy Trap, essentially explaining how non-meritocratic a lot of the econom
by janalsncm 2y ago
I haven’t read Piketty, but another book pointing in the same direction is The Meritocracy Trap, essentially explaining how non-meritocratic a lot of the economy is despite the common belief that it is. Wealthy parents spend a ton of resources developing the human capital of their children. It has basically eroded the middle class as a result. The author calls for an inheritance tax among other things.