Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

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7 years, 11 months ago

the most mobile taxpayers at the expense of the captive

Partly due to intensified competition between countries, national governments have focused more and more on the most mobile taxpayers (highly skilled and globalized workers, owners of capital) at the expense of groups perceived as captive (the working and middle classes). This pertains to a whole s…

—p.156 Chronicles: On Our Political and Economic Crisis The Double Hardship of the Working Class (156) by Thomas Piketty
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7 years, 11 months ago

the only ones possible

The saddest thing about the European crisis is the determination of today’s leaders to present their policies as the only ones possible, and the fear they feel when any political shock looks likely to disturb this happy equilibrium.

—p.148 2015: What Shocks Can Get Europe Moving? (148) by Thomas Piketty
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7 years, 11 months ago

just to get a few crumbs for our football teams

To pick up a few billion in exports, we’re now willing to sell anything to anyone. We’re willing to become a tax haven, to have oligarchs and multinationals paying less in taxes than the middle and working classes, to ally with rather unprogressive oil emirates just to get a few crumbs for our foot…

—p.140 The Exorbitant Cost of Being a Small Country (139) by Thomas Piketty
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7 years, 11 months ago

Cypriot banks don’t have that money anymore

The problem of the day is that Cypriot banks, in effect, don’t have that money anymore: it was invested in now-depreciated Greek bonds and real estate investments that were partly illusory. Quite naturally, the European authorities are reluctant to bail out banks without getting anything in return,…

—p.110 For a European Wealth Tax (110) by Thomas Piketty
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7 years, 11 months ago

where the right level of intervention is clearly European

On the other hand, there are domains like financial regulation and tax havens where each country can’t do much on its own, where the right level of intervention is clearly European. At the scale of the global economy, France and Germany are hardly bigger than Greece or Ireland. By remaining divided…

—p.99 The What and Why of Federalism (98) by Thomas Piketty