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14229760 No.14229760 [Reply] [Original]

The most important book of the 21st century

>> No.14230656

>>14229760
He is too naive. There will never be a global wealth tax.

>> No.14231678

>>14230656
Agreed, but the rest of the book is an impressive collection of data and analyses.

>> No.14231791

>>14231678
>impressive collection of data

"Data".

>> No.14233127

>>14230656
Why not?

>> No.14233552

>>14233127
>The wealthy are super powerful, we are living in oligarchy.
>They'll just accept a wealth tax.

>> No.14233648

>>14229760
It's been very influential for the worse I think. It's gotten idiots to double down on a stupid old paradigm. Piketty's work has done for the left what the laffer curve did for the right, everyone's still looking for "revenue" somewhere.
You got to start with the decline in the relative quantity of quality low skilled jobs and real investment to understand what went wrong not the nominal wealth of Bill Gates.

>>14230656
If the super wealthy would just buy beanie babies and pokemon cards and hide them offshore and compete amongst themselves betting their prices up I don't see why anyone would want to "tax" that activity. It's not as if this is somehow reducing industrial capacity and it's only a minor waste of real resources. Most problems created by the wealthy comes from their real spending when they compete for real resources with real uses not their nominal potential spending power. Potential spending power isn't a fixed resource the wealthy are draining the supply of.

>>14233127
If you can tax you've got sovereignty, nation states aren't/shouldn't give up any of their sovereignty for any theoretical general good which doesn't exist.

>>14233552
It's not the wealthy, it's national governments who'd have to be delusional to let international bodies interfere in their fiscal matters.

>> No.14233811

biz
>read this, it's a great business book
>aight I'll buy it
also biz
>read the Marx one, this one is garbage
Too late, now I bought it, I'll read it sooner or later.