2026-01-02
@garrytan To my mind, the main point of our section 2 is to dispute Piketty's long run series, and a main point of our section 3 is to make the case that open markets might not be sufficient to prevent extreme inequality.
Philosopher Count
How AI automation can fulfill Thomas Piketty's predictions on rising economic inequality, and why highly progressive taxes on capital can help slow the spiral
Piketty was wrong about the past. He's probably right about the future. — 1. Introduction X: @briancalbrecht , @saikatc , @harryh , @jankulveit , @daniel_271828 , @krishnanrohit...
@BrianCAlbrecht We don't assume a perfectly elastic supply of capital at all. We acknowledge that taxing capital (/capital income) can discourage saving. The point is just that the capital share will rise to 1, so eventually it's basically the only thing to tax.
Philosopher Count
How AI automation can fulfill Thomas Piketty's predictions on rising economic inequality, and why highly progressive taxes on capital can help slow the spiral
Piketty was wrong about the past. He's probably right about the future. — 1. Introduction X: @briancalbrecht , @saikatc , @harryh , @jankulveit , @daniel_271828 , @krishnanrohit...