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Capital taxation in the 21st century: A critique of Piketty
Alan J. Auerbach; Kevin A. Hassett
发表日期2015-03-03
出版年2015
语种英语
摘要In Capital in the Twenty-First Century (Piketty 2014) Thomas Piketty presents a compelling story of the ascendency of capital and the powerlessness of the market forces to arrest the growing threat to democracy from growing wealth – and its increasing concentration in the hands of the few. Piketty prescribes a global, coordinated wealth tax as the antidote to this dystopian trend, arguing that only such a direct assault on wealth concentration will succeed where the other policies of governments – that already play large roles – in their respective economies have failed. We take issue with Piketty’s facts, logic, and policy conclusions. The support for the view that there will be an inevitable rise in capital’s share is lacking. In addition, even if the world were as Piketty describes, a wealth tax finds little or no support either in Piketty’s own work or elsewhere in the literature. (Read the rest of the article at Vox EU)
主题Economics
标签capital ; Inequality ; Piketty
URLhttps://www.aei.org/articles/capital-taxation-21st-century-critique-piketty/
来源智库American Enterprise Institute (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/258303
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GB/T 7714
Alan J. Auerbach,Kevin A. Hassett. Capital taxation in the 21st century: A critique of Piketty. 2015.
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