“We must also consider inequality within and not just between countries. I” — Thomas Piketty Copy Share Image
I think inequality is fine, as long as it is in the common interest. The problem is when it gets so extreme,… — Thomas Piketty Copy Share Image
It's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth. — Thomas Piketty Copy Share Image
Our modern democratic ideal is based on the hope that inequalities will be based on merit more than inheritance or luck. — Thomas Piketty Copy Share Image
When inequality gets to an extreme, it is completely useless for growth. — Thomas Piketty Copy Share Image
The main force pushing toward reduction in inequality has always been the diffusion of knowledge and the diffusion of education. — Thomas Piketty Copy Share Image
“Inequality is not necessarily bad in itself: the key question is to decide whether it is justified, whether there are reasons for… — Thomas Piketty Copy Share Image
“US inequality in 2010 is quantitatively as extreme as in old Europe in the first decade of the twentieth century, but the… — Thomas Piketty Copy Share Image
I am afraid that if you don't find peaceful domestic solutions to our inequality and social problems, then it's always tempting to… — Thomas Piketty Copy Share Image
You need some inequality to grow... but extreme inequality is not only useless but can be harmful to growth because it reduces… — Thomas Piketty Copy Share Image
When inequality gets too extreme, then it becomes useless for growth, and it can even become bad because it tends to lead… — Thomas Piketty Copy Share Image
The democratic ideal has always been related to a moderate level of inequality. I think one big reason why electoral democracy flourished… — Thomas Piketty Copy Share Image
“This fundamental inequality, which I will write as r > g (where r stands for the average annual rate of return on… — Thomas Piketty Copy Share Image
“The sharp reduction in income inequality that we observe in almost all the rich countries between 1914 and 1945 was due above… — Thomas Piketty Copy Share Image
Contrary to a tenacious myth, France is not owned by California pension funds or the Bank of China, any more than the… — Thomas Piketty Copy Share Image
“always increasing and that the world is by definition always becoming more unjust. Others believe that inequality is naturally decreasing, or that… — Thomas Piketty Copy Share Image
“To sum up, global inequality ranges from regions in which the per capita income is on the order of 150–250 euros per… — Thomas Piketty Copy Share Image
When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth… — Thomas Piketty Copy Share Image
“What we see in the period 1870–1914 is at best a stabilization of inequality at an extremely high level, and in certain… — Thomas Piketty Copy Share Image
“The top centile is a particularly interesting group to study in the context of my historical investigation. Although it constitutes (by definition)… — Thomas Piketty Copy Share Image
“Our democratic societies rest on a meritocratic worldview, or at any rate a meritocratic hope, by which I mean a belief in… — Thomas Piketty Copy Share Image
It's not Utopian to believe that we can create a global registry of financial assets so we know who owns what in different countries. — Thomas Piketty Copy Share
“US inequality in 2010 is quantitatively as extreme as in old Europe in the first decade of the twentieth century, but the structure of… — Thomas Piketty Copy Share
Indeed, the distribution of wealth is too important an issue to be left to economists, sociologists, historians, and philosophers. — Thomas Piketty Copy Share
The United States could transform its property tax system into a progressive tax on net worth without asking permission to the rest of the… — Thomas Piketty Copy Share
“When it comes to decreasing inequalities of wealth for good or reducing unusually high levels of public debt, a progressive tax on capital is… — Thomas Piketty Copy Share
“In other words, low growth cannot adequately counterbalance the Marxist principle of infinite accumulation: the resulting equilibrium is not as apocalyptic as the one… — Thomas Piketty Copy Share
“I belong to a generation that came of age listening to news of the collapse of the Communist dicatorships and never felt the slightest… — Thomas Piketty Copy Share
When you are an entrepreneur, you have founded your own firm, it is so easy to find that you exist - you are the… — Thomas Piketty Copy Share
There is one great advantage to being an academic economist in France: here, economists are not highly respected in the academic and intellectual world… — Thomas Piketty Copy Share
Without precisely defined sources, methods, and concepts, it is possible to see absolutely everything and its opposite. — Thomas Piketty Copy Share
“the population of the world grew at an average annual rate of barely 0.8 percent between 1700 and 2012.” — Thomas Piketty Copy Share
“The sharp reduction in income inequality that we observe in almost all the rich countries between 1914 and 1945 was due above all to… — Thomas Piketty Copy Share
“Progress in medicine together with improved living conditions has therefore, it is argued, totally transformed the very essence of capital.” — Thomas Piketty Copy Share
“the decrease in the top marginal income tax rate led to an explosion of very high incomes, which then increased the political influence of… — Thomas Piketty Copy Share
