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Comment by devilsavocado

Picketty's book does at least attempt to address this. He proposes a switch from income tax to wealth tax. He shows that most inequality is a result of the growth of existing wealth (most of which was inherited). Taxing wealth instead of income can help reverse, or at least stop the increasing levels of inequality. A very small percentage of wealth would need to be taxed to accomplish this.
parent devilsavocado 10 years ago

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