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Statement by thomas pikkety

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Reference no: EM132113520

Can someone explain (in term of wealth taxation) the statement by Thomas Pikkety (2014: 571) wealth 'accumulated in the past grows more rapidly than output and wages'. This imply that governments may have to take a fresh look at wealth taxes to promote equity. Does this statement make sense? Advantage and disadvantage?

Reference no: EM132113520

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