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Capital in the 21st Century

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Reading the CNN Edition – How to become super, super wealthy (by John MacIntosh). He wrote about a book by the author Tom Piketty that caused a predictable stir among the pro-equality set because the author 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%.

Here the quote that says it all:

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.

The obvious implication is that you must find a job where the distinction between capital and labor is blurry. A job where you can take a slice off the top by getting paid as if you owned a piece of action even though you don’t. Because without some capital working on your behalf, no amount of even the hardest and most skillful labor will get you anywhere near the top. (How many doctors or engineers join the country club these days? Virtually none.)

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Written by Eddie (@50minCoach)

10. June 2014 at 4:21 am

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