Form: Quote Commentary

http://www.nytimes.com/2014/08/05/upshot/why-is-the-economy-still-weak-blame-these-five-sectors.html?smid=tw-shareNYT’S DAILY MISSION TO SWAP DECREASED HUMAN CAPITAL FOR SORT TERM CONSUMPTION

You do realize that the NYT is all about Critique right? That western civilization produces the worlds greatest commons, and that the Cosmopolitans have been trying to force us to increase consumption and therefore profit the merchants and bankers, at the expense of constructing our competitive advantage: our ability to create commons by denying short term consumption.

(I figured it out you know. Aristocratic Egalitarianism : The Only People Who Could Make Voluntary Commons)

http://www.aei-ideas.org/2014/08/how-did-superrich-americans-become-superrich-americans/”IT SEEMS THEY TOOK A RISK”

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– Of the Forbes 400 from 1987, 327 people have dropped off the list. Of the remaining 73 people, those with the highest annual rates of return are generally self-made entrepreneurs and investors—not heirs—with an average annual real rate of return of 5.6 percent over the last 26 years.

– The rate of return for the Forbes 400 as a whole, 2.4 percent, is roughly equal to Piketty’s estimated returns for the entire population.

– Wealth today is largely generated by entrepreneurial skill, with the number of entrepreneurs on the Forbes 400 list rising from 40 percent in 1982 to *****69 percent in 2011*****.

– The role of inheritance has diminished over the last generation; the share of the Forbes 400 that grew up wealthy has fallen from 60 percent in 1982 to 32 percent today.

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