| Author | Message | ||
     Bushu Side Hero Username: Bushu Post Number: 8002 Registered: 04-2009 Posted From: 50.164.157.158 Rating: N/A |
 I will stir the smooth sands of monotony | ||
| Cocanada Legend Username: Cocanada Post Number: 45947 Registered: 01-2008 Posted From: 24.224.77.83 Rating: N/A |
lets make whole world like Russia and China. we all want to live like them | ||
| Lenin Comedian Username: Lenin Post Number: 1898 Registered: 02-2014 Posted From: 122.107.192.235 Rating: N/A |
Orai naya udaravada , naya samrajya vada , naya boorjuva pettubadidari sakthulara...me pellala tallu tegiponu..mee nethi meeda deepam petta, me body meeda tella gudda kappetta...  | ||
| Lenin Comedian Username: Lenin Post Number: 1897 Registered: 02-2014 Posted From: 122.107.192.235 Rating: N/A |
My take: we are back to the age of early 20th century...let UN confiscate every last nuclear weapon in the world...Time for war! | ||
| Lenin Comedian Username: Lenin Post Number: 1896 Registered: 02-2014 Posted From: 122.107.192.235 Rating: N/A |
Bullet Points : 1. when returns on capital rises faster than the GDP, income inequality rises. (Apple CEO Tim Cook's 2011 compensation was $378 million, which is 6258 times more than average Apple employee) 2. The current levels of inequality in US are scary and similar to Columbia and apartheid South Africa 3. The ideal tax rate on capital that the author suggests is 80% on incomes exceeding $500k, and a wealth tax for 2-5% every year, along with an inheritance tax of 25%. 4. During the World war, capital was taxed as high as 90%, and a great number of wealthy people lost their entire fortunes to tax at that time 5. US had a period of great GDP growth after the world war, where labour unions were strong enough to negotiate good pays and companies where generally afraid to pay CEOs around more than 25 times the average employee 6. This was until Raegan in the US, and Thatcher in UK, sided with the rich to drop tax rates on them 7. Capitalism, generally awards the rich, but with enough political vision, it can be forced to distribute spoils equally. | ||
| Lenin Comedian Username: Lenin Post Number: 1895 Registered: 02-2014 Posted From: 122.107.192.235 Rating: N/A |
very nice book! He stressed on inequality and how it will be conducive to at another revolution kind of thing! Extraordinary effort to collect the high volumes of data and very informative charts / tables in the book. Book mainly deals with income and capital , capital / income ratio and the structure of inequality! This book is completely engaging and worth reading! |
