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“Didn’t see that coming.”

April 4, 2014
justaluckyfool
April 4, 2014 at 2:53 pm | #1
INEQUALITY AND INJUSTICE:

Why do economists, “Not see that coming”?
A. “The greatest inability of the human
race is our inability to understand the exponential function”:

The most important video you will ever see. “The greatest inability of the human
race is our inability to understand the exponential function”:
https://www.youtube.com/watch?v=F-QA2rkpBSY

RE: http://krugman.blogs.nytimes.com/2014/03/14/notes-on-piketty-wonkish/ on March 14, 2014, 7:47 am Notes on Piketty (Wonkish)

Q. “So: Imagine a wealthy family that has managed, somehow or other, to guarantee that a large fraction of its income is used to accumulate more wealth. Can this family thereby acquire a dominant position in society?”
A. Yes,actually total control.
Quote Michael Hudson ,” A syndicate of less than one hundred American capitalists, if allowed to collect interest on their capital at a low rate and re-invest for 150 years or less, would at the end of that time own the earth and all real and personal property thereon. This is a simple mathematical proposition, capable of exact demonstration, and any one who doubts the truth of this statement may set all doubts at rest by computing compound interest on one and one-half billions of dollars for one hundred and fifty years, at five per cent per annum. …Flürscheim elaborated that “All exertions, all improvements in the methods and tools of labor, the strictest economy, the severest self-denial, are powerless to compete with the rapidity of self-increase possessed by capital placed at compound interest, and they cannot keep up with its demands.”
The 1% are using “the most powerful force in the universe” to gain ALL the wealth of the universe, their weapon is compounding.
Comments posted on: http://rwer.wordpress.com/2014/03/01/inequality/

“We need to be careful about simple solutions to complicated problems.”
as well as complex solutions to simple problems.
What really needs to be done, ” ***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha.

Inequality , injustice is like water, a part of life, but may, because of the size of its gaps, become toxic.
The solution:
“Capitalism is the “best” system to date devised by mankind. As it is administrated, perhaps, is where the “flaw” is manifested. If capitalism used its Central Bank properly,that is for the betterment of the common good, with equality and justice for all, capitalism would be the best ways and means to help “form a more perfect union….”, Pontifical Council.

DO FOR YOURSELVES WHAT YOU ALLOW THE CENTRAL BANK TO DO FOR THE (PFPB) BANKS !
LOAN YOUR MONEY AND CHARGE (interest), A TAX ON IT.
Comments by Justaluckyfool ( http://bit.ly/MlQWNs )
( “You are always welcome to share, copy, plagiarize, improve, etc..any comments.)

from David Ruccio This chart, from the work of Emmanuel Saez and Gabriel Zucman [pdf], illustrates the large increase in top 0.1% wealth share since the 1980s (top 0.1% = wealth above $20 million t…
rwer.wordpress.com
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