PoliticalChic
Diamond Member
Two days ago, in 'History,' the review of the life of Karl Marx, If Only It Were Groucho. He was truly 'the most dangerous intellectual.
His significance in economics and in politics proves George Orwell's dictum,
'Some ideas are so stupid that only intellectuals believe them.'
To this day, his acolytes abound, and his views echo in academia.
Thomas Piketty, (born May 7, 1971, Clichy, France), French economist who was best known for Le Capital au XXIe siècle (2013; Capital in the Twenty-first Century).
Piketty was born to militant Trotskyite parents and was later politically affiliated with the French Socialist Party.
In 1993 he was awarded a Ph.D. in economics from the École des Hautes Études en Sciences Sociales (EHESS) and the London School of Economics European doctoral program for a dissertation on the theory of the redistribution of wealth.
In 2014 Piketty gained international celebrity with the English publication of Capital in the Twenty-first Century. The previously little-known author and his nearly 700-page unexpected best seller also became the subject of a lively debate between liberals and conservatives over economic inequality, the distribution of wealth, and the future of capitalism. "
Britannica.com
"...inherited wealth will grow faster than earned wealth, leading to unsustainable levels of economic inequality that could threaten democracy.
Piketty’s prescription for the crisis of inequality was a change in taxation policies, including an annual progressive global tax on financial assets...
Because he realized that this goal was “utopian,” he recommended regional wealth taxes, a tax of 80 percent on incomes above $500,000 (or, alternatively, $1 million), and a 50–60 percent tax on incomes of $200,000 or more. The purpose of the income tax would be not to raise revenue but rather to eliminate such high incomes."
The main protagonists of Marx, and Piketty, today....are government school grads and leaders of the Democrat Party.
Vote Democrat if you support Mark and his lap-dog, Piketty.
But...it is a cute name for a lap-dog.
His significance in economics and in politics proves George Orwell's dictum,
'Some ideas are so stupid that only intellectuals believe them.'
To this day, his acolytes abound, and his views echo in academia.
Thomas Piketty, (born May 7, 1971, Clichy, France), French economist who was best known for Le Capital au XXIe siècle (2013; Capital in the Twenty-first Century).
Piketty was born to militant Trotskyite parents and was later politically affiliated with the French Socialist Party.
In 1993 he was awarded a Ph.D. in economics from the École des Hautes Études en Sciences Sociales (EHESS) and the London School of Economics European doctoral program for a dissertation on the theory of the redistribution of wealth.
In 2014 Piketty gained international celebrity with the English publication of Capital in the Twenty-first Century. The previously little-known author and his nearly 700-page unexpected best seller also became the subject of a lively debate between liberals and conservatives over economic inequality, the distribution of wealth, and the future of capitalism. "
Britannica.com
"...inherited wealth will grow faster than earned wealth, leading to unsustainable levels of economic inequality that could threaten democracy.
Piketty’s prescription for the crisis of inequality was a change in taxation policies, including an annual progressive global tax on financial assets...
Because he realized that this goal was “utopian,” he recommended regional wealth taxes, a tax of 80 percent on incomes above $500,000 (or, alternatively, $1 million), and a 50–60 percent tax on incomes of $200,000 or more. The purpose of the income tax would be not to raise revenue but rather to eliminate such high incomes."
The main protagonists of Marx, and Piketty, today....are government school grads and leaders of the Democrat Party.
Vote Democrat if you support Mark and his lap-dog, Piketty.
But...it is a cute name for a lap-dog.