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  1. Jan 2023
    1. i think the reason  your book was praised so much uh in the west is   you didn't come up with a threatening political  solution uh and uh when they said this was the   mark book is the marks for modern time that meant  don't read marx read this book and i suspect that   after you put all of this enormous good work  into the uh statistics that you did on wealth   00:15:30 and income i think the publisher probably said  well what are what are your solutions well you   just came up with uh the solution that you uh said  in the book and that's to tax income and wealth   uh this is not a threatening solution because  there's no way that you're going to tax wealth   as long as you have offshore banking centers to  conceal wealth as long as you have what the oil   00:15:54 industry put in place a hundred years ago the  flags of convenience pretending to make their   uh income abroad the fact is uh the one percent  don't really make much income they're ideal if   you're a billionaire you want to do what uh half  of american corporations do you don't make a penny   of taxable income uh that that's uh the whole  problem

      !- Michael Hudson : critique of Thomas Piketty's books - Hudson comments that Piketty's books were not politically threatening to the elites - Piketty's solution is to tax the elites but this is no threat to the elites because they have wealth concealed in offshore accounts - billionaires strategy: don't make one penny of TAXABLE income