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!]
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!]