Re:The wealthiest 10% of Americans own a record 89% of all U...
by solveit on Monday October 18, 2021 @12:44PM
(#28907558)
I would like to see a citation for point #2.
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Re:The wealthiest 10% of Americans own a record 89% of all U...
by nemothekid on Monday October 18, 2021 @12:51PM
(#28907652)
It's literally the basis for Thomas Piketty's 'Capital in the Twenty-First Century'. It's a dense book, but widely acclaimed. It was also published 8 years ago and the claims aren't controversial.
Re:The wealthiest 10% of Americans own a record 89% of all U...
by mediascreen on Monday October 18, 2021 @02:08PM
(#28908870)
To say it's not controversial seems misleading. It may be widely acclaimed, but also hugely criticised. Wikipedia has a short collection of the criticism.
https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Ce...
Re:The wealthiest 10% of Americans own a record 89% of all U...
by sudosysgen on Monday October 18, 2021 @02:18PM
(#28909129)
There are very few critiques of the empirical assertion that the capital share of the economy is not increasing, though. Most are on other parts of his thesis or argument.
Re:The wealthiest 10% of Americans own a record 89% of all U...
by diordiderot on Monday October 18, 2021 @07:43PM
(#28913268)
There are critiques of anthropogenic climate change and the addictive nature of nicotine
Re:The wealthiest 10% of Americans own a record 89% of all U...
by imtringued on Monday October 18, 2021 @02:33PM
(#28909434)
Real estate (land to be specific) is a popular investment because it lets you extract economic rents.
You can build a dynasty around land because ownership is barely taxed. Land does not degrade by simply keeping it vacant. Meanwhile everyone around the land needs it to live on or to work or to extract resources. Inequality isn't driven by well deserved high returns, it is driven by monopolistic extortion where you cannot refuse even if you know you're getting ripped off.