Quote of the week

A few months ago, author William Gumede described Zuma as someone with a narcissistic personality disorder — a set of traits defined by Austrian psychoanalyst Heinz Kohut as “including an exaggerated sense of superiority, a lack of self-awareness about the impact of their behaviour and having a disdain for others, who they devalue to validate their own grandiosity”. These people lack empathy, have a distorted sense of reality and are incapable of seeing anything from anyone else’s perspective. Narcissists like Zuma, Gumede argues, can’t accept responsibility and don’t care if they take down entire countries with them. The events at Nkandla, sadly for Zuma, only reinforced that perspective.

Rob Rose
Financial Mail
15 June 2020

Piketty on taxes

[Thomas Piketty] shrugs: “As a professor I was already, like, in the top five per cent of the income distribution, and with copyrights I moved to the top one per cent or 0.1 per cent, so it’s not as if I was very low to begin with. I would have liked to pay 90 per cent tax on my copyright. I paid about 60 per cent but I think this is not enough. First, books are also speculative markets, so when you sell 2.5 million copies, it doesn’t mean your book is 1,000 times better than someone who sold 2,500 copies. I’m not naïve about that. I know how everybody at some point wants to read the same book – or buy the same book.

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