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A comment on Wealth doesn't trickle down – it just floods offshore, research reveals (2012). Parent comment

Re:Wealth doesn't trickle down – it just floods offshore, re... by rebootthesystem on Sunday April 10, 2016 @01:08PM (#11467077)
Go start a business and see if the reality you experience agrees with your current ideology.

Let's make it simple: Start a great local coffee shop wherever you live. People like coffee. It's a safe business, right? You know there's demand. All you have to do is create an excellent product that is more appealing than the competition. Then go get some funding, get a loan, mortgage your home or, if you have it, dump your entire life savings into the business to fund it.

Come back in five years and read what you just wrote.

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Re:Wealth doesn't trickle down – it just floods offshore, re... by giardini on Sunday April 10, 2016 @01:37PM (#11467233)
That is a cliche'. FWIW been there, done that, got the T-shirt. I still think Bouchaud/Mezard is onto something almost revolutionary.

Bouchaud/Mezard's claims have a novel perspective but are consistent with other studies over the years. Society remains in a state of ignorance and denial of this simple idea:

The rich are lucky, not skillful. A person may benefit from his/her skill, but not necessarily from his/her luck. Society should determine the partition of luck/skill in wealth, tax the luck and reward the skill.

[Yes, I would tax lottery winnings very heavily, since they are nearly 100% luck!]

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Re:Wealth doesn't trickle down – it just floods offshore, re... by maxerickson on Sunday April 10, 2016 @01:42PM (#11467265)
Is your point that they are going to feel unlucky in five years?

(Would it even take 5 years to go out of business?)

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Re:Wealth doesn't trickle down – it just floods offshore, re... by rebootthesystem on Sunday April 10, 2016 @04:57PM (#11468133)
A man holding a cat by the tail leans something he can learn in no other way. -Mark Twain

That pretty much sums up my point.

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