Bookmarker is a personal project by @dellsystem to help with retaining reading material. Source on GitHub.

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8 years, 10 months ago

making sure that everyone benefits from globalization

[...] If the tax system is not made more progressive, it should come as no surprise that those who derive the least benefit from free trade may well turn against it. The progressive tax is indispensable for making sure that everyone benefits from globalization, and the increasingly glaring absence …

—p.497 Capital in the Twenty-First Century Rethinking the Progressive Income Tax (493) by Thomas Piketty
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8 years, 10 months ago

the purpose is to justify existing inequalities

If we are to make progress on these issues in the future, it would be good to begin by working toward greater transparency than exists today. In the United States, France, and most other countries, talk about the virtues of the national meritocratic model is seldom based on close examination of the…

—p.487 A Social State for the Twenty-First Century (471) by Thomas Piketty
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8 years, 10 months ago

no one deserves to be poor

But we should also realize that those societies do not belong to us. If we are lucky enough to find ourselves within them, we can argue credibly that we are contributing to them and therefore deserve a share of the benefits that flow from them. But the fact that we are lucky enough to be within the…

—p.238 The Wealth of Humans: Work and its Absence in the Twenty-First Century Human Wealth (230) by Ryan Avent
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8 years, 10 months ago

threatening the system that provides for us

[...] Is there any reasonable story available which explains how it is that poverty in developing countries, or in the ghettos of disadvantage in rich countries, is a necessary part of the system that provides us with smartphones and luxury cars and enriches a relative handful of executives and fin…

—p.235 Human Wealth (230) by Ryan Avent
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8 years, 10 months ago

people do not create their own fortunes

[...] The wealth of humans is societal. But the distribution of that wealth doesn't rest on markets or on social perceptions of who deserves what but on the ability of the powerful to use their power to retain whatever of the value society generates that they can.

That is not a radical statement…

—p.232 Human Wealth (230) by Ryan Avent