Something that you can’t explain in a sentence or two.
And that is exactly the plan of the Progressives
‘β = s/g.â€
That’s the message of the hottest book in policy circles right now, Capital in the Twenty-First Century, a 700-page tome by the French economist Thomas Piketty. As explained by Piketty, this formula stands for the concept that the capital/income ratio is equal in the long run to the savings rate divided by the growth rate. “β = s/g†is a problem, according to Piketty. And one so grave that he recommends making the progressive tax code even more progressive by raising our top marginal tax rate to 80 percent. Not content with further “progressivizing†the U.S. income tax, Piketty also advocates a global progressive tax on wealth per se.
“A progressive levy on individual wealth would reassert control over capitalism in the name of the general interest while relying on the forces of private property and competition,†Piketty writes confidently.
Private property will bolt to the moon if such a tax becomes global law. Most Americans sense this, but are halted from arguing because they are not sure they understand Piketty’s formula. It’s not clear that most Americans even understand progressivity.
And that’s not an accident. You don’t have to be Machiavelli, to name a clearer foreign writer, to see that the incomprehensibility of such concepts is not incidental — it is necessary to the grander process of redistribution.
The War on Women is too easily dispelled by the opposition for their tastes. This global tax is one of their big goals so they have to go to the woodshed and come back with an unexplainable idea to be have a shot to slip it through.