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Quote by Thomas Piketty

“We should not overestimate the extent of the diffusion of ownership that has taken place over the past two centuries: the egalitarian ownership society—or even, more modestly, a society in which the poorest half of the population owns more than a token share of the wealth—has yet to be invented.”

Quote by Thomas Piketty

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Capital and Ideology

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Author

Thomas Piketty
Thomas Piketty

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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“what, for instance, were you telling me about charity? And yet the gratification derived from giving charity is an arrogant and immoral tell nothing gratification, the gratification a rich man takes in his riches, his power, and the comparison he makes between his importance and the importance of a poor man. Charity corrupts both the one who gives it and the one who receives it, and furthermore, it doesn't achieve its goal, because it only intensifies poverty. Lazy people who don't want to work throng around people who give, like gamblers around the gambling table, hoping to win. And meanwhile, the pitiful coins that are tossed their way Such trivial are insufficient for even a hundredth of what they need. Have you given away much in your lifetime? Perhaps eighty kopecks, no more, if you stop and think about it. Just try to remember the last time you gave something; it would be a good two years go, and perhaps four. You're just making a lot of noise and impeding the cause. In today's society charity should definitely be prohibited by law. In the new social order there will be no such thing as poor people.”