The biggest revenue target is the preferential rate for long-term capital gains, which raises a perennial question: Why should capital income be… — James B. Stewart Copy Share Image
“α = r × β where r is the rate of return on capital. For example, if β = 600% and r… — Thomas Piketty Copy Share Image
“In the long run, the capital/income ratio adjusts to the savings rate and structural growth rate of the economy rather than the… — Thomas Piketty Copy Share Image
“In Europe today, the capital/income ratio has already risen to around five to six years of national income, scarcely less than the… — Thomas Piketty Copy Share Image
Carried interest... you're making money on somebody else's capital. It's not on your own. If that's not income, I don't know what… — Stanley Druckenmiller Copy Share Image
