Tag Archives: inherited wealth

Why the west is stagnant

Thomas Piketty, the French economist, calculates that more than half of total wealth in Germany today is inherited — an estimate confirmed by German economists. In the 1960s and 1970s, the share was just a little over 20 per cent. … Continue reading

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We’re rich because of our ancestors

“At least half of our wealth comes from the ideas and investments of those who are now dead.” https://www.bradford-delong.com/2019/05/yes-societal-well-being-depends-on-a-very-strong-distributional-bias-along-the-lines-of-to-each-according-to-their-need-w.html

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Why the west is stagnant

Thomas Piketty, the French economist, calculates that more than half of total wealth in Germany* today is inherited — an estimate confirmed by German economists. In the 1960s and 1970s, the share was just a little over 20 per cent. … Continue reading

Posted in Economics, housing, statistics | Tagged , , , | Leave a comment

British Politicians

Posturing and posing for TV Youthful, telegenic, emptied of fire Emptied of purpose, emptied of leadership Millionaire, silver spooned, entitled Products of the clone factory- A network factory- A friends-for-life factory Engineered by inherited wealth Shaping our world to suit … Continue reading

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