Country Quote by Thomas Piketty
“The U.S. is the country that invented progressive taxation of income and of inherited wealth in the 1910s and '20s.”
About This Quote
Source Book: Capital in the Twenty‑First Century, 2013
The United States pioneered modern progressive taxes on income and inheritance during the early 20th century.
In simple terms: US created progressive taxes early on.
Study historic tax policies.
Themes
Mood
Type
When to use this quote
- tax reform debates
- public finance education
Key Concepts
Questions to Reflect On
- What lessons do early tax reforms offer today?
- How do they affect inequality?
Progressive taxes can be politically contentious.