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OpEdNews Op Eds    H3'ed 5/4/15

Discussing the views of Piketty on inequality, with an eye towards Henry George

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90. The 9% under the 1% fared better during the depression -- page 285

91. Capital gains taxes are at unsustainable low levels -- page 285

92. Increase in inequality contributed to instability -- page 297

93. From 1977-2007 the top 10% got 3/4 of the income growth and the top 1% got 60% of that -- page 297

94. The rise in inequality is not explained by changes in education and technology -- page 304

95. Power of special groups may determine wages, not their productivity -- page 305

96. Education can't explain gap between the top 1% and next 9% - page 314

97. Japan and Europe are not as unequal despite being as technologically advanced as the U.S., so technology and education premium does not make sense as a cause of inequality -- page 330

98. Compensation changes since 1980 largely responsible for CEO wealth gains -- page 333

99. Superior corporate performance does not correlate with high CEO pay -- page 334 Also, my article here: http://www.opednews.com/articles/High-CEO-Pay--Low-Company-by-Scott-Baker-091231-794.html

100. Top 1% owned 60% of the wealth in 1900-1910 -- page 339

101. Top decile in France owned 80-90% of total wealth -- page 342

102. Piketty conflates rent with capital -- pages 353, 359

103. Inequality dropped from 1914-1945 and has not yet returned to previous levels -- page 372 But the trend is in that direction!

104. Rentiers no longer make up top 1%, but super-managers do -- page 373

105. Inheritance tax rates went from 1-5% to 20-30% during WWI, leading to more equality -- page 374

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)
 

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