Quote:
Originally Posted by Guest
Take a look at this.
Let me know what you think.
https://www.youtube.com/watch?v=QzQYA9Qjsi0
Paul Krugman and Moyer are discussing a best seller written by a French Author.
A new book that’s the talk of academia and the media, Capital in the Twenty-First Century by Thomas Piketty, a 42-year-old who teaches at the Paris School of Economics, shows that two-thirds of America’s increase in income inequality over the past four decades is the result of steep raises given to the country’s highest earners.
I have run into hostile conversations about wealth and entitlement. According to the author by 2030 the top 1% will be all inherited wealth. I listening to it now. |
I ad to change my last sentence. People were angry the other day that Chesea will inherit a lot of wealth without earning it. Yet the very same people were angry because I suggested it was wealth envy. This is also a sin in their camp. You cannot envy someone's wealth. The bubble will burst when the group realizes that inherited wealth grows faster than the economy.
The Moyer reports that follow on youtube are well worth watching too.
Fighting the Four Freedoms