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The distribution of wealth is one of today’s most widely discussed and controversial issues. But what do we really know about its evolution over the … - Thomas Piketty
" "The distribution of wealth is one of today’s most widely discussed and controversial issues. But what do we really know about its evolution over the long term? Do the dynamics of private capital accumulation inevitably lead to the concentration of wealth in ever fewer hands, as Karl Marx believed in the nineteenth century? Or do the balancing forces of growth, competition, and technological progress lead in later stages of development to reduced inequality and greater harmony among the classes, as Simon Kuznets thought in the twentieth century? What do we really know about how wealth and income have evolved since the eighteenth century, and what lessons can we derive from that knowledge for the century now under way?
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About Thomas Piketty
(born on 7 May 1971) is a French economist and Professor at the , who works on wealth and income inequality. He is the author of the best selling book (2013), which emphasizes the themes of his work on wealth concentrations and distribution over the past 250 years.
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In many ways, the US led the world toward the development of progressive taxation and the reduction of inequality at the global level during the first half of the 20th century... Unfortunately, one century later, in 2019, the rise of inequality creates new threats to liberal democracies. It is time to take a new step and to develop new policy instruments, in line with the challenges raised by global wealth trends.
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