Global Tax on Wealth (Piketty)

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Global Tax on Wealth (Piketty)
Marl van der Toorn, Manager, Netherlands, Moderator
Globalization has many economical and even social benefits, but also has its downsides. Like exploitation of labour, making the rich richer and multinational corporations increasingly influencing political decisions.

According to French Professor at the Paris School of Economics Thomas Piketty in his recent best selling book Capital in the Twenty-First Century, globalization also plays an important role in the long-run dynamics of income and wealth distribution, among many other forces.

To counter the increasing inequality in (pre-tax) income and capital, Piketty suggests a global taxation on wealth (capital) with a progressive tax rate. Such tax should become based on reliable global wealth statistics.
To accomplish the above he stresses the need for more global financial transparency by:
- International transmission of bank information
- Global registry of financ... Read more? Sign up for free
 

 
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Biased Discussion
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Re: Biased Discussion
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Biased History
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