{"id":16726,"date":"2014-04-30T22:29:27","date_gmt":"2014-04-30T20:29:27","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=16726"},"modified":"2014-04-30T22:29:27","modified_gmt":"2014-04-30T20:29:27","slug":"does-the-right-have-an-argument-against-piketty","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/does-the-right-have-an-argument-against-piketty\/","title":{"rendered":"Does the Right Have an Argument Against Piketty"},"content":{"rendered":"<p>Bradford de Long <a href=\"http:\/\/www.project-syndicate.org\/commentary\/j--bradford-delong-is-surprised-by-the-poverty-of-conservative-criticism-of-capital-in-the-twenty-first-century\" target=\"_blank\">sums it up<\/a> this way: \u00a0(1)\u00a0the return on wealth varies inversely with the wealth-to-annual-income ratio so strongly that, paradoxically, the more wealth the rich have, the lower their share of total income. Thus, their economic, political, and sociocultural influence is weaker as well. \u00a0(2)\u00a0Not bound to the karmic wheel of earning, getting, and spending on necessities and conveniences the rich can take the long and\/or heterodox view of things and create, say, great art. Ie, the sculptor R. Seward Johnson \u00a0and tenor and music teacher Paul Sperry \u00a0(both heirs). \u00a0(3) A\u00a0new industrial revolution that will create more low-hanging fruit for the masses to pick and become rich. \u00a0(4) The limits of the data [Piketty] presents and the grandiosity of the conclusions he draws&#8230;borders on schizophrenia. \u00a0(5) The George W. Bush argument: Piketty is French and so&#8230;.<\/p>\n<p style=\"text-align: center\"><a href=\"http:\/\/www.w-t-w.org\/en\/does-the-right-have-an-argument-against-piketty\/frenchman\/\" target=\"_blank\" rel=\"attachment wp-att-16727\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-16727\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/04\/Frenchman-300x289.jpg\" alt=\"Frenchman\" width=\"300\" height=\"289\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/04\/Frenchman-300x289.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/04\/Frenchman-310x300.jpg 310w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/04\/Frenchman.jpg 323w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><br \/>\nDisagreements with Piketty focus on different 10-20 %s of his arguments and overall he is being accepted by everyone.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bradford de Long sums it up this way: \u00a0(1)\u00a0the return on wealth varies inversely with the wealth-to-annual-income ratio so strongly that, paradoxically, the more wealth the rich have, the lower their share of total income. Thus, their economic, political, and &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/does-the-right-have-an-argument-against-piketty\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-16726","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Bradford de Long sums it up this way: (1) the return on wealth varies inversely with the wealth-to-annual-income ratio so strongly that, paradoxically, the more wealth the rich have, the lower their share of total income. Thus, their economic, political, and sociocultural influence is weaker as well. 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