Search Results for "piketty"

Rock-Star Economist Piketty & His Bogus Data

http://blogs.ft.com/money-supply/2014/05/23/data-problems-with-capital-in-the-21st-century/  http://www.ft.com/intl/cms/s/2/e1f343ca-e281-11e3-89fd-00144feabdc0.html#ixzz32ZCMn6yu The FT has been exposing the bad data used by Piketty to sell his 80% tax that will surely destroy the economy and result in major war. Piketty is the new Marx and he has been hurled to super rock-star status by the left media hell bent on trying to just grab other […] read more

26-Year-Old Exposes Fraud of Piketty

A year ago, Thomas Piketty, 43, was the most sought after economist of his generation. With weighty arguments about capitalism’s increasingly unequal income distribution, the Frenchman achieved something similar to a rock star status. Nobel Prize winners were at his feet and praised his book, “The Capital in the 21st Century”, a scientific critique of […] read more

Piketty is Back As Elizabeth Warren Adopts His Ideas

Thomas Piketty, the French economist from communism’s birthplace, is back and this time he wants to drive a stake through the heart of capitalism, end human rights, and deny equal protection of the law in the true spirit of Marxism. Now in his latest treatise, “Capital and Ideology,’’ he argues that governments should fix the […] read more

Thomas Piketty – Another Economist on the loose out to DESTROY the World as We Know it.

Just what we need – another economist with ZERO real work experience. The latest economist destined to destroy the world in the same manner as Karl Marx is Thomas Piketty and his new book Capital in the Twenty-First Century that is destined to perhaps kill more people than Marx ever did. Piketty is only focused on the […] read more

Piketty – The Greatest Justification to Just Rob Anyone Who Has more Than You

We are seeing the most dangerous trend ever. There is an agenda behind the curtain and that is to sustain government at all costs and that includes everything you own. I have warned that either government will move toward a totalitarian state or to real democracy – real Athens style without the career politicians. The […] read more

The Left using Piketty in Netherlands

CONTRIBUTED FROM NETHERLANDS: Hi Martin, There you have it: one of the Dutch left parties, Green Left, is proposing draconian wealth taxes based on Thomas Piketty’s book. See the link below. Some of the things they want: * A (maximum) 50% tax on capital for the super rich * Increase the tax on dividends from […] read more

Why the Rich Get Richer

The great evil the socialist/communist economists like the French economist Thomas Piketty who distorts data in order to harp about that the rich always get richer. Piketty is like the Global Warming crowd, if the data disproves your argument – alter it. You are working for a higher cause than just truth. Piketty claims the bottom 90 percent’s […] read more

Capital Has Always Invested on Net Return for Millennia

QUESTION: Mr. Armstrong; I think the light just went on. You said that capital invests on a net return basis. This makes sense. If I can make €100 on €100 per year who would not invest. If they tax those gains 80 per cent as Piketty argues, then I have only  €20. If I invest in […] read more

Inequality of Wealth

1904 View of Standard Oil During the Progressive Era around 1910, the Marxist view of the world was all about the massive wealth of the very rich like Rockefeller. Standard Oil would always rule the world. How could that possibly change? They argued this was undermining economic opportunity for others. The government championed the progressive […] read more

The Secret Agenda

During the late 1970s, I was chairman of the American Gold Council for one year. I had to fly around the USA and do a media tour. It taught me a lot about how it is done. You fly into a city and you do the newspapers, radio, and TV shows. You hop on the […] read more