@michael_mezz: here’s what it means. #economics #piketty #economist #inequality #systemic #growth #capital #fyp

Michael Mezz
Michael Mezz
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Region: US
Monday 04 July 2022 19:24:01 GMT
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octopus_is_not_a_fish
SS :
That is so much correct.
2022-07-05 19:05:58
3
rednecked__crake
Atwood-Pierce :
this is a very good explanation but also it's an inequality not an equation and yes I am fun at parties.
2022-07-04 21:05:10
819
user451283738
user4512 :
solution? more people in lower classes should invest and not blame the ones who do 😅
2022-07-06 20:25:44
3
celiners3000
Tik Toker :
Marx actually explains why this happens. Also, a tax on wealth is a bandaid; it won’t solve the inequality baked into capitalism. Read Marx.
2022-07-05 19:12:15
56
howtostonks
Troy Springer :
Picketty is pretty controversial in Econ circles tbh. Mostly used by pretty left people to justify their arguments with a big name
2022-07-04 23:48:35
62
dialecticjackedterialism
🍊 :
Just read marx tbh
2022-07-05 15:44:09
250
drsean2022
DrSean2 :
Piketty is too little known. He should get far more traction in Treasuries.
2022-07-04 19:40:54
79
francisbaxon
francisbaxon :
As a class, there’s nothing to prevent the rich from getting richer.
2022-07-07 15:59:48
0
victtor.ciferri
Victtor Ciferri :
More money to the goverment won't solve inequality, we need a system to fight inequality but plain taxation is not
2022-07-04 19:55:02
9
joelrobitaille
Joel Robitaille :
so does this mean that during periods when inequality was decreasing, like the 1950s, that g was > r ?
2022-07-05 03:26:15
18
mgquigley
MGQuigley :
summing it up the rich are getting richer and the poor poorer.
2022-07-05 01:10:10
11
hazelisonline
Hazel Thayer :
I love piketty but I need him to make capital in the 21st century about 200% shorter so I can actually read it
2022-07-05 02:40:58
143
ec_naun
EcnauN :
i tried to explain this at a crypto meetup and couldn't remember what r or g stood for and i stumbled my way thru it with sentence structure but yeah,
2022-07-05 05:39:20
9
frankbrazill
Frank Brazil :
Wait , didn’t someone named Karl Marx proved that 150 years ago?
2022-07-05 19:22:05
181
theaetetus415
Theaetetus :
Measuring returns and growth both vary and require much data. Pickett is ideology driven
2022-07-08 15:34:02
3
socialistuberdriver
SocialistUberDriver :
Marx demonstrates all this 150 years ago - Picketty solutions ignore class struggle. How do you tax wealth when wealth owns the government?
2022-07-05 14:48:04
157
j1234547
234547 :
he is not one of the greatest living economists. he is very good but not one of the best. He is around 255 on the repec citation list.
2022-07-04 20:06:22
12
dturn11
David Turner :
This is good.
2022-07-05 16:34:02
3
carinthian_chris
chris :
This is a very valid point. What we also have to consider, is that most Capitalists dont recieve the average return on Capital. Some do most dont
2022-07-06 11:01:33
3
strangerinthenorth
strangerinthenorth :
r is not fixed. r varies across investors and for many it is negative. just because you have capital does not mean r>g
2022-07-05 17:18:26
1
t.e.f.strong
Tom Strong :
Pickety oversimplifies by ignoring how rates of return incentivize improvements in the standard of living not captured by growth
2022-07-04 21:40:17
31
j_hamel
Jonathan Hamel :
WORLDS GREATEST ECONOMIST HAHAHAHAHAHAHHAHAHAHAHAAHAHA
2022-07-05 18:53:53
65
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