I.K. Mullins Quotes & Sayings

According to Piketty, if r remains at its historical rate of about 5 percent, then all the negative developments related to the inequality from the 19th century will be repeated. These will include disrespect for working people; worshiping of people who do not work and enjoy leisurely life by living at the expense of other people's labor; political acts that disdain equal opportunity and deny democracy; and opportunities for the rich to buy politicians. What logical conclusion can be made from Piketty's research? If this development continues, then by the end of the 21st century, the world's wealth may become the property of a few enormously rich individuals and institutions. Then, 99.9 percent of humans will end up working for a small number of oligarchs, who will accumulate their wealth by virtue of heredity instead of earning it based on merit. — I.K. Mullins