Great question from @StephanieKelton to @PikettyLeMonde at @PoliticsProse –– how much inequality is too little before we stifle innovation and so on. How much does he want to drive down inequality?
Response –– I think he said wealth going to bottom 50% should be at least 25%.
Response –– I think he said wealth going to bottom 50% should be at least 25%.
By the way, the bottom 50% of earners in the U.S. has just 1.3 % of the wealth
axios.com/wealth-gap-uni…
axios.com/wealth-gap-uni…
Kelton: Should billionaires exist?
Piketty: Under his tax system they would not stay billionaires for long he said. Wants a society where everybody can have $100,000 and some can have tens of millions and so on. Not complete equality. Bill Gates didn’t invent computer on his own
Piketty: Under his tax system they would not stay billionaires for long he said. Wants a society where everybody can have $100,000 and some can have tens of millions and so on. Not complete equality. Bill Gates didn’t invent computer on his own
