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Some thoughts: 1) "Enough" by John Bogle is a decent read if you want more of the same: > Two famous authors, Kurt Vonnegut and Joseph Heller are talking at a
by j_lev 12y ago
Some thoughts:
1) "Enough" by John Bogle is a decent read if you want more of the same:
> Two famous authors, Kurt Vonnegut and Joseph Heller are talking at a party hosted by a billionaire hedge fund manager. Kurt says to Joseph, “You know, this billionaire makes more money in one day than you made in your whole lifetime from your novel Catch-22“. Joe responds, “Yes, but I have something he will never have… enough.”
2) There's a big difference between people wanting to give back and Picketty's proposal to tax the tits off the rich. I believe the difference is due to people's faith in government and the "buffer" they perceive they require. There is no shortage of people with an 8-figure net worth who just want to increase their wealth a little more, "just in case."
3) The "rich cancel each other out" argument may hold more for the US than for other countries. Not a criticism, just pointing it out.