I’m sure that even if you haven’t read Thomas Piketty’s book, Capital in the Twenty First Century, you will have seen the controversy surrounding his suggestion that we need to substantially raise taxation of the wealthy to force a ‘better’ redistribution of wealth (or more properly, of capital).
Picketty takes special aim at those with capital who don’t have to work for it.
Whatever your views (and this is something about which people feel strongly rather than reason logically), Thomas Picketty has forced a debate on the world and that can only be good. Those who believe in the free market have to defend the ‘status quo’; those (like Picketty) who want to see change have to justify the actions they want to take,
The rest of us can sit on the sidelines, observe and listen. But this is an important issue. I urge you to read the book – just so you can take a more informed position in the debate; I also urge you to read the criticisms of Piketty’s viewpoint and seek the ‘balance’ that might steer us through this debate.
We (almost) all want ‘a fairer world’. The question is …Does Piketty have an approach that might takes us towards one?