Quote of the day

One set of causes of surging income inequality is political: lower taxes, deregulation, particularly of financial services, privatization, weaker legal protections for trade unions, all of these have contributed to more and more income going to the very, very top. – Chrystia Freeland

More than half of the rapes on a college campus take place by serial rapists, because outside of the university system, if they rape somebody, they’ll be prosecuted, but when they get on a university campus, they can rape with impunity. They’re not prosecuted. Those are the kinds of things that go on in our society. Jimmy Carter

More interestingly, the ill intention of super managers, wolf of wall street, footballers [4] and billionaires who are competing to accelerate their income whereas majority of the people are the loser.  The super-rich do not produce the ‘‘wealth’’ but get highest salary from it. This is an absolute form of theft.  There is always ill competition or conflict between super rich who compete to increase their income from property and assets. This is the ‘meritocratic extremism’… Return on capital is generally higher than economic growth (r > g). Thomas piketty