They will stay the night in a local inn, and for the first time in her life, Adeline will sleep in a foreign bed, and wake to foreign sounds and smells, and there will be a moment, as brief as a yawn, when she won’t know where she is, and
...more
“According to our estimates, the optimal top tax rate in the developed countries is probably above 80 percent.50 Do not be misled by the apparent precision of this estimate: no mathematical formula or econometric estimate can tell us exactly what tax rate ought to be applied to what level of income. Only collective deliberation and democratic experimentation can do that. What is certain, however, is that our estimates pertain to extremely high levels of income, those observed in the top 1 percent or 0.5 percent of the income hierarchy. The evidence suggests that a rate on the order of 80 percent on incomes over $500,000 or $1 million a year not only would not reduce the growth of the US economy but would in fact distribute the fruits of growth more widely while imposing reasonable limits on economically useless (or even harmful) behavior.”
― Capital in the Twenty-First Century
― Capital in the Twenty-First Century
“conception is just the first step. What really matters is execution.”
― The Innovators: How a Group of Hackers, Geniuses, and Geeks Created the Digital Revolution
― The Innovators: How a Group of Hackers, Geniuses, and Geeks Created the Digital Revolution
“Capitalists," he argued, "will not agree to any social progress completely eliminating unemployment because such a program would reduce the supply of cheap labor. You will never persuade a capitalist to cause himself losses for the sake of satisfying people's needs.”
― The Campaign of the Century: Upton Sinclair's Race for Governor of California and the Birth of Media Politics
― The Campaign of the Century: Upton Sinclair's Race for Governor of California and the Birth of Media Politics
“For anyone who knows Russia, Trump’s aim in the use of the word ‘hoax’ is uncannily familiar,” he said. “In Russia the regime dismisses any criticism as ‘information war,’ thus making any kind of evidence-based debate impossible: All information is just a weapon, a form of manipulation, there is no rational ground on which to have a debate, you are either ‘with us’ or ‘against us.”
― Hoax: Donald Trump, Fox News, and the Dangerous Distortion of Truth
― Hoax: Donald Trump, Fox News, and the Dangerous Distortion of Truth
Mp.lee’s 2025 Year in Books
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