Why communism will work, and capitalism won’t.

[nirgrahamUK]

Nikes Profit Statements:

@Gregoravich

Ok for a start i would like to point some statistics, on avredge 80% of wealth is inherited

I rather doubt your ‘statistic’.

http://mjperry.blogspot.com/2008/04/inheritance-is-not-main-driver-of.html

Questions From My 'Socialist' Girlfriend

Here is an excerpt from a ‘neoclassical’ (non-austrian) study into the intergenerational effects of parents income on childs adult income(i.e. when they grow up) done on Israeli data. http://pluto.huji.ac.il/~msfalkin/DP02-08.pdf 5. Conclusions Although the intergenerational correlation coefficient for earnings is small in Israel, we have been able to identify four separate channels through which parents affect their children. These channels are both direct and indirect. Parents. ability t…