The triumph of capital

When did simply owning assets become more rewarding than working for a living?Have you ever wondered why, despite all the talk about hard work, it feels like the goalposts for wealth are constantly shifting? This piece cuts through the noise around tax debates to explore a more fundamental question: what happens when capital itself starts outpacing labor at an unprecedented rate? It’s a thoughtful look at the underlying economic shifts that create the ‘vibes’ of our current society, asking us to consider how different the paths to affluence have become for those with and without assets.An analysis tracks the growing divergence between returns on capital and income from labor, particularly since 2012. It examines how asset appreciation has disproportionately benefited those with existing wealth, challenging common arguments about billionaire taxation and the nature of inherited versus self-made fortunes. The piece concludes that this trend creates a widening economic gap, despite theoretical benefits of a rising capital stock.Read at source: Slow Boring