Wednesday, October 25, 2017

Eric Posner as well as Glen Weyl on Piketty

In The New Republic.  A tidbit:
Only really extreme scenarios, where every wealthy private does all of the next at the same time tin atomic number 82 to the variety of explosive inequality dynamics Piketty fears:
  1. Marries somebody at to the lowest degree every bit wealthy or bequeaths all wealth to 1 child.
  2. Consumes really little.
  3. Avoids paying most taxes.
  4. Contributes trivial to charity or politics.
  5. Invests optimally piece avoiding Bernie Madoff in addition to his ilk.
And it is difficult to imagine why anyone would tending virtually the being of such an inbred, self-denying, in addition to politically-removed class, if it could e'er exist.

Sumber http://gregmankiw.blogspot.com/

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