Here’s Why This Best-Selling Book Is Freaking Out the Super-Wealthy (Rana Foroohar) from Time Magazine
"The main reason is that it proves, irrefutably and clearly, what we’ve all suspected for some time now —the rich ARE getting richer compared to everyone else, and their wealth isn’t trickling down. In fact, it’s trickling up. ... Result: people with lots of investments take a bigger chunk of the world’s wealth, relative to everyone else, with every passing year."
Piketty's book is making a LOT of news -- appropriately so in my view! More analysis follows in today's nuggets.
Showing posts with label Wealth. Show all posts
Showing posts with label Wealth. Show all posts
Monday, April 28, 2014
How Can the GOP Respond to Piketty?
Paul Krugman: Thomas Piketty’s Got Conservatives Running Scared (Elias Isquith) from Salon
"The New York Times columnist argues the right has no idea how to offer a legitimate policy response to inequality."
"The New York Times columnist argues the right has no idea how to offer a legitimate policy response to inequality."
Welcome to the Piketty Revolution
Capital in the 21st Century is a Game-Changer (Even if You Never Read It) (Sean McElwee) from Salon
"Capital in the 21st Century is an unexpected bestseller that could actually change the world."
"Capital in the 21st Century is an unexpected bestseller that could actually change the world."
The Misplaced Allure of Homeownership
It's Time to Kill the American Dream of Homeownership (Ryan Cooper) from The Week
"The myth of the white picket fence has only led millions of Americans to make a terrible investment."
"The myth of the white picket fence has only led millions of Americans to make a terrible investment."
‘Happy Days’ No More
Middle-class families squeezed as expenses soar, wages stall from the Washington Post
"...for the Johnsons and many other American families, being middle class means living paycheck to paycheck. The couple’s retirement savings are meager. The college fund? Nonexistent. The Johnsons, whose blended family includes three children under 18, are part of a drawn-out, disquieting shift that is recasting what it means to be middle class in America."
"...for the Johnsons and many other American families, being middle class means living paycheck to paycheck. The couple’s retirement savings are meager. The college fund? Nonexistent. The Johnsons, whose blended family includes three children under 18, are part of a drawn-out, disquieting shift that is recasting what it means to be middle class in America."
Friday, April 25, 2014
The Foundations of the New Gilded Age
Why We’re in a New Gilded Age (Paul Krugman) from the New York Review of Books
"It therefore came as a revelation when Piketty and his colleagues showed that incomes of the now famous “one percent,” and of even narrower groups, are actually the big story in rising inequality. And this discovery came with a second revelation: talk of a second Gilded Age, which might have seemed like hyperbole, was nothing of the kind. In America in particular the share of national income going to the top one percent has followed a great U-shaped arc."
"It therefore came as a revelation when Piketty and his colleagues showed that incomes of the now famous “one percent,” and of even narrower groups, are actually the big story in rising inequality. And this discovery came with a second revelation: talk of a second Gilded Age, which might have seemed like hyperbole, was nothing of the kind. In America in particular the share of national income going to the top one percent has followed a great U-shaped arc."
Subscribe to:
Posts (Atom)