Thomas Piketty Quotes
The United States could transform its property tax system into a progressive tax on net worth without asking permission to the rest of the world.
Piketty, Thomas. Capital in the Twenty-First Century. Translated by Arthur Goldhammer, Belknap Press of Harvard UP, 2014, p. 518.
Comment made in the Congressional Congress debates in 1787. This precedes individual taxation. In the debate, Wilson felt state taxation “should accord with the number of freemen” as “it is strange that annexing the name of ‘State’ to ten thousand men, should give them an equal right with forty thousand.”
Thomas Piketty is a French economist who is Professor of Economics at the School for Advanced Studies in the Social Sciences (French: École des hautes études en sciences sociales: EHESS), Associate Chair at the Paris School of Economics and Centennial Professor of Economics in the International Inequalities Institute at the London School of Economics.