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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.”

Quote by Thomas Piketty

Author

Thomas Piketty is a renowned French economist born on May 7, 1971. His research focuses on income and wealth inequality, economic growth, and capital accumulation. Piketty is known for his in-depth studies on inequality and his influential book 'Capital in the Twenty-First Century' has had a global impact. more

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“Economists have put themselves in a position where what they are doing is supposed to be impossible to understand for outsiders, so they dont even talk - sometimes not even with their girlfriend or boyfriend or friends - about what they are doing.”

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“We know too little about global wealth dynamics, so we need international transmission of bank information.”

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“Currently a level of unemployment of 7% or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.”

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“No matter how high are one's estimates of human stupidity, one is repeatedly and recurrently startled by the fact that:a) people whom one had once judged rational and intelligent turn out to be unashamedly stupid.b) day after day, with unceasing monotony, one is harassed in one's activities by stupid individuals who appear suddenly and unexpectedly in the most inconvenient places and at the most improbable moments.”

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