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I mean, Piketty showed this a decade ago in capital in the 21th century: the higher your income percentile and wealth percentile, the higher saving rate and the
by thatfrenchguy 18d ago
I mean, Piketty showed this a decade ago in capital in the 21th century: the higher your income percentile and wealth percentile, the higher saving rate and the higher returns on your investment (which is negative for folks at the bottom of the distribution).
Of course the other problem with the projection is that BLS average expenses aren’t super accurate to project what people are spending on at those income percentiles :)
- dgellow 18d agoI don’t think that many people have read Piketty given how dense his work is. I’m glad I share my native language with him which makes it a bit easier to understand some of his points, but his writing is really difficult to grasp IMHO
- danny_codes 17d agoIMO he's extremely clear, just verbose. Though I read the English translation so maybe that's clearer than the French.