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Persevero
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24 Apr 2014, 4:27 am

http://time.com/73060/thomas-piketty-book/

The title of the article is sensationalist, but the gist of it is that economic inequality is rising - and has been since WW2 in spite of efforts otherwise - because the distance from return on investments to return on GDP is always growing



Kraichgauer
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24 Apr 2014, 5:38 am

Of course it's never worked. Trickle down is the biggest scam ever to be perpetrated on humanity.


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LoveNotHate
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24 Apr 2014, 5:57 am

No facts are presented in the link.



0_equals_true
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24 Apr 2014, 7:21 am

It doesn't work becuase we have an aversion to genuine competition. We prefer corporatism, protectionism, and collusion the likes of which Mussolini himself could only dream of.



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24 Apr 2014, 8:20 am

I don't mean to be vulgar, but nothing good has ever 'trickled down'. The paranoiac in me wonders if they named it so they could mock those with least hoping for something to 'trickle down' to them.


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Persevero
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24 Apr 2014, 9:00 am

LoveNotHate wrote:
No facts are presented in the link.


They're in the book, and it wouldn't make sense to make such an affirmation without having the studies to back it up in the flesh. None of it is presented to have the more curious go out and buy the book.

I'm sure some sort of a book critic can give his interpretations on the data, but I wouldn't really know where to find such a economical-political book reviewer



Marky9
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24 Apr 2014, 9:06 am

I find it helpful to consider from whence writers cometh. In this case, I note that the article is a book review written by an English major, and that the book's author is known for his socialist leanings. So I might expect their writings to lean a bit left of center.



TheGoggles
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24 Apr 2014, 9:26 am

It wasn't supposed to work. Not for anyone too poor to bribe government officials, anyway.



0_equals_true
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24 Apr 2014, 5:10 pm

Trickle down is the wrong way of describing it.

Where there is commerce and trade, there can be a knock on effect germinating new industries. Lateral rather than down is more accurate.

The point is it is not 100% guaranteed, and each sector is unique. However it much, much more likely to happen where you have diverse sectors, and yes it happens all the time.

What traditionally governments have done on both sides of the political spectrum, is to look at one or two multinational to provide all the jobs in an entire industry. This is a greatly flawed strategy, and very vulnerable.



starvingartist
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24 Apr 2014, 5:54 pm

there may be more comprehensive reviews on amazon, i find it useful when i'm looking for more in-depth info on a book i'm considering reading/buying.



DentArthurDent
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28 Apr 2014, 5:42 am

Kraichgauer wrote:
Of course it's never worked. Trickle down is the biggest scam ever to be perpetrated on humanity.


f**k me, we (without any form of qualification) agree on something, maybe some christians are not so bad after all :D


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Kraichgauer
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28 Apr 2014, 2:23 pm

DentArthurDent wrote:
Kraichgauer wrote:
Of course it's never worked. Trickle down is the biggest scam ever to be perpetrated on humanity.


f**k me, we (without any form of qualification) agree on something, maybe some christians are not so bad after all :D


I certainly like to think so. :lol:
Trust me, a great many liberals who I know are actually inspired by Christian morality and values.


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LoveNotHate
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28 Apr 2014, 2:41 pm

It seems to be true for some economic classes (e.g., cut the middle class taxes, and that money will likely be spent into the economy.

I found it funny ... it use to be called "horse and sparrow theory" in 1890. Meaning a horse would drop dung on the road for the
sparrow to eat from (i.e., "trickle down" to the sparrow). Yuk! :hic:

source, http://en.wikipedia.org/wiki/Trickle-down_economics



khaoz
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28 Apr 2014, 7:42 pm

LoveNotHate wrote:
No facts are presented in the link.


The facts are the society we now live in.



khaoz
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28 Apr 2014, 7:46 pm

starvingartist wrote:
there may be more comprehensive reviews on amazon, i find it useful when i'm looking for more in-depth info on a book i'm considering reading/buying.


Don't bother looking at the reviews on Amazon. We know now that people with no integrity go to Amazon and lowball books they have never read if the book does not support their ideology with the intent of manipulating and misleading people.



minervx
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29 Apr 2014, 12:28 am

0_equals_true wrote:
It doesn't work becuase we have an aversion to genuine competition. We prefer corporatism, protectionism, and collusion the likes of which Mussolini himself could only dream of.


So basically, an italian version of Godwin's law.