Opinion: Piketty’s right about how to become a 1%er - CNN.com
Made a good , enjoyable read . Thought i will share it here ![]()
Editor’s note: John MacIntosh was a partner at a leading global private equity firm, where he worked from 1994 to 2006 in New York, Tokyo and London. He now runs a nonprofit in New York. He does not have a son. The opinions expressed in this commentary are solely those of the author.
(CNN) – Staunton,
Your mother and I are so proud that in less than a week you’ll be graduating college, and from my alma mater, no less! So this seems an opportune moment to share some thoughts about what you might look for in a career. And as luck would have it, I’ve just finished a new book, “Capital in the 21st Century,” which has helped crystallize in my mind some things you ought to consider.
The book has caused a predictable stir among the pro-equality set because the author, Tom Piketty is a French economist with the gall to propose a global tax on wealth. But putting aside this naïve, socialist claptrap, the book is a veritable treasure trove of advice on getting into (or staying in) the top 1%.
The book confirms what you already know firsthand: The rich are getting richer; the really rich are getting really richer; capital is hot; labor is not.
To continue reading please open the actual link ..