Piketty? Yes, the rage a year ago. The Economist, recently, summarized Thomas in four paragraphs. This deserves a more thorough view, but on a quick read, there was one reaction. Besides, I like their Brit humour, so, no doubt, this summary is precious.
Quote: And today’s super-rich mostly come by their wealth through work, rather than via inheritance.
Not true. The wealth of the super-rich comes from the magic multiplier having a larger basis, in general. So, those who got from what "papa may have had" were able to preserve (some kudos there). For the newbies, like Zuck, the multiplier applies to (rests upon) that collected from the dreaming of many who buy into the future (not bad, in principle, but who thinks about sustainability - I have not had a FB post for dinner). In this latter case, those who bail out early get the goods (think of all of the MS millionaires, for one of many examples).
"work" could be demonstrated to those who sit at tubes (or carry mobile platforms - i for idiot?) by pulling them away from their false reality (we will get back to Zuck talking of telepathy - plus his 31-year-old's viewpoint - ah, where is the wisdom in the modern age? ... money does no buy wisdom - see below, Aside2, about hard problems) for a period of time. None of the CEO class works (a multitude of those under him actually work under conditions that would make most CEOs melt or go running to mommy).
Aside1: People already read others. That is one factor behind sucker-hood (hapless victims). However, superficial looks do not encompass the totality (to be discussed) of the person. In fact, many in the quagmire, unable to rise out of bad situations, are held back due to the influence of others, part of which is non-verbally (all sorts) manifested. ... I know that Zuck's parents are into mind science, yet I will have to see what insights they might have attained into the "human" aspect that everyone is dancing around: as in, human as made in the likeness (read as you wish - what needs to be known, in this day and age, is that most do not need intervention twixt themselves and That Which Is - and FB does not facilitate truth in this sense as fully as some seem to think or to wish/hope for).
Now, coding as work? Laughable (from an old guy who has been there on many levels for many decades). Of course, some may very well be challenged (see Aside2) by situations thereof.
Aside2: Facility and accomplishment might pertain to superiority (the supposed best-and-brightest who have led us down perdition-laden paths). However, if you look deeply, those who rule do not get involved in the details. How does this work (pun?)? ... Take hard problems. The notion is that it is harder to find solutions than to see if a found solution is correct. Okay? Existence views, basically, note that a solution exists; normally, there is little hint in how to find such. ... Now, for the ruling class, they may not know how a solution was derived, but they can check it or pay to have such checked. ... There will be more on this from the truth engineering aspect. ... In computation, one can test (or prove or ...); in any case, automated facilitation may develop (bringing its own issues - our problem is that too many have swept these under the rug (old saying) - to wit: ah, too many to list, but auto (as in, those things driven) come to mind, ...).
Now, Yellen is going great guns, as did Ben, in perpetuating the myth of the multiplier. At least, she ought to allow that a few types of future payments ought to be based upon some view that is beyond the chimeric. How can this be? That is the "work" (pun) to be done. ... Fortunately, there are people like Thomas, albeit his view is only partially complete.
Look, everyone tries to find some equation that subsumes the reality, ala Newton and our old friend, Albert. But, those little things are easily misunderstood; however, some intuitive takes might hold grains of truth that ought to get some attention. To get to the meat (and I do not mean: regression to the mean - puns?), though, requires digging into the whole of the equational mix (which can be work - I will admit, but it does not decimate the physical self to smithereens - metaphorically, of course, have you ever talked to someone who has done manual work - by the way, those grammar snits ought to see if they can get over their superior selves enough to "listen" - by the way, if we looked properly, we would see a whole bit of peripatetic knowledge being wasted which is closer to what the real worker sees - ah, the ignorance of humanity).
Nowadays, I get offers of zero-interest credit cards plus leading statements offering rewards for buying. Sheesh. Where is there the rational look at a proper foundation for those who do not need material things or who ought not be playing the silly games of the ca-pital-sino which is abetted mostly by male fantasies?
Remarks: Modified: 07/06/2015
Data and the #TrumpShutdown
1 hour ago