"...Feldstein never was too good with numbers..." He doesn't have to be -- he makes up whatever numbers suit him.
On Sun, Jun 29, 2014 at 11:34 AM, michael yates <[email protected]> wrote: > In describing the tremendous rise in the share of US income > > growth accruing to the richest .1% of income recipients between > > 2000 and 2010, Piketty reports that > > > "Recent research , based on matching declared income on tax > > returns with corporate compensation records, allows me to > > state that the vast majority (60 to 70 percent, depending on > > what definitions one chooses) of the top 0.1 percent of the > > income hierarchy in 2000– 2010 consists of top managers. By > > comparison , athletes, actors, and artists of all kinds make > > up less than 5 percent of this group. In this sense, the > > new US inequality has much more to do with the advent of > > 'supermanagers'” than with that of 'superstars.'” > > > In 2001, that fraudulent hack Martin Feldstein argued in the > > New York Times that > > > “Why there has been increasing inequality in this country is one of > > the big puzzles in our field and has absorbed a lot of intellectual > > effort.” But, this effort has apparently been wasted, since he > > goes on to say, “But if you ask me whether we should worry about > > the fact that some people on Wall Street and basketball players > > are making a lot of money, I say no.” > > > I guess Feldstein never was too good with numbers, given his bullshit > > "work" on the harmful impact of social security on capital formation. > > No wonder Piketty said that US economists know nothing about anything. > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Cheers, Tom Walker (Sandwichman)
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