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In western economies, Piketty showed that equality peaked approximately in the 1950's, and has been dropping since. (Almost) no one recommends we have another
by thyrsus 6y ago
In western economies, Piketty showed that equality peaked approximately in the 1950's, and has been dropping since. (Almost) no one recommends we have another world war to decrease the assets owned by the rich, but Piketty, like the original article, also recommends a wealth tax (this article includes the significant refinement that the tax be on corporations and not individuals; Piketty does not go into details for his wealth tax proposal).
If you disagree with these points, please site evidence.
- scatters 6y agoWestern economies? What about the rest of the world? Citation: World Bank. "Poverty and Prosperity 2016 / Taking on Inequality"[1]. 1. https://openknowledge.worldbank.org/bitstream/handle/10986/25078/9781464809583.pdf https://openknowledge.worldbank.org/bitstream/handle/10986/2...
- OrbitRock 6y agoThat’s largely an effect of bringing more regions of the world into the industrialized paradigm, whereas what the other commenter said describes what happens to people in industrialized countries.