Thomas Piketty Quotes

Top 58 wise famous quotes and sayings by Thomas Piketty

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Thomas Piketty Famous Quotes & Sayings

Discover top inspirational quotes from Thomas Piketty on Wise Famous Quotes.

Thomas Piketty quotes: The main force pushing toward reduction in inequality has always been the diffusion of knowledge and the diffusion of education. The main force pushing toward reduction in inequality has always been the diffusion of knowledge and the diffusion of education.
Thomas Piketty quotes: The only way to overcome these contradictions is for the countries of the Eurozone (or at any rate those who are willing) to pool their public debts. The only way to overcome these contradictions is for the countries of the Eurozone (or at any rate those who are willing) to pool their public debts.
Thomas Piketty quotes: Refusing to deal with numbers rarely serves the interests of the least well-off. Refusing to deal with numbers rarely serves the interests of the least well-off.
Thomas Piketty quotes: Income from labor [in the United States] is about as unequally distributed as has ever been observed anywhere. Income from labor [in the United States] is about as unequally distributed as has ever been observed anywhere.
Thomas Piketty quotes: Once constituted, capital reproduces itself faster than output increases. The past devours the future. Once constituted, capital reproduces itself faster than output increases. The past devours the future.
Thomas Piketty quotes: Modern redistribution is built around a logic of rights and a principle of equal access to a certain number of goods deemed to be fundamental. Modern redistribution is built around a logic of rights and a principle of equal access to a certain number of goods deemed to be fundamental.
Thomas Piketty quotes: Having a decent share of the national wealth for the middle class is not bad for growth. It is actually useful both for equity and efficiency reasons. Having a decent share of the national wealth for the middle class is not bad for growth. It is actually useful both for equity and efficiency reasons.
Thomas Piketty quotes: We want capitalism and market forces to be the slave of democracy rather than the opposite. We want capitalism and market forces to be the slave of democracy rather than the opposite.
Thomas Piketty quotes: I believe in the power of ideas, I believe in the power of books, but you have to give them time. I believe in the power of ideas, I believe in the power of books, but you have to give them time.
Thomas Piketty quotes: The bad news (or good news, depending on your point of view) is that things have always been like this. The bad news (or good news, depending on your point of view) is that things have always been like this.
Thomas Piketty quotes: Protectionism does not produce wealth, and free trade and economic openness are ultimately in everyone's interest Protectionism does not produce wealth, and free trade and economic openness are ultimately in everyone's interest
Thomas Piketty quotes: What I argue for is a progressive tax, a global tax, based on the taxation of private property. What I argue for is a progressive tax, a global tax, based on the taxation of private property.
Thomas Piketty quotes: Taxation is not a technical matter. It is preeminently a political and philosophical issue, perhaps the most important of all political issues. Taxation is not a technical matter. It is preeminently a political and philosophical issue, perhaps the most important of all political issues.
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. 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.
Thomas Piketty quotes: There is a fundamentalist belief by capitalists that capital will save the world, and it just isn't so. There is a fundamentalist belief by capitalists that capital will save the world, and it just isn't so.
Thomas Piketty quotes: political democracies that do not democratize their economic systems are inherently unstable. political democracies that do not democratize their economic systems are inherently unstable.
Thomas Piketty quotes: Progress in medicine together with improved living conditions has therefore, it is argued, totally transformed the very essence of capital. Progress in medicine together with improved living conditions has therefore, it is argued, totally transformed the very essence of capital.
Thomas Piketty quotes: Without precisely defined sources, methods, and concepts, it is possible to see absolutely everything and its opposite. Without precisely defined sources, methods, and concepts, it is possible to see absolutely everything and its opposite.
Thomas Piketty quotes: I loved American universities. In many ways, they are better organized - certainly than French universities. I loved American universities. In many ways, they are better organized - certainly than French universities.
Thomas Piketty quotes: I think inequality is fine, as long as it is in the common interest. The problem is when it gets so extreme, when it becomes excessive. I think inequality is fine, as long as it is in the common interest. The problem is when it gets so extreme, when it becomes excessive.
Thomas Piketty quotes: At the heart of every major political upheaval lies a fiscal revolution. At the heart of every major political upheaval lies a fiscal revolution.
Thomas Piketty quotes: (autarky does not encourage technological transfer). (autarky does not encourage technological transfer).
Thomas Piketty quotes: the future could hold in store a new world of inequality more extreme than any that preceded it. the future could hold in store a new world of inequality more extreme than any that preceded it.
Thomas Piketty quotes: The U.S. is the country that invented progressive taxation of income and of inherited wealth in the 1910s and '20s. The U.S. is the country that invented progressive taxation of income and of inherited wealth in the 1910s and '20s.
Thomas Piketty quotes: wealth in the rich countries is currently divided into two approximately equal (or comparable) parts: real estate and financial assets. wealth in the rich countries is currently divided into two approximately equal (or comparable) parts: real estate and financial assets.
Thomas Piketty quotes: 'Das Kapital,' I think, is very difficult to read, and for me, it was not very influential. 'Das Kapital,' I think, is very difficult to read, and for me, it was not very influential.
Thomas Piketty quotes: the return on capital increases with the size of the initial endowment, the return on capital increases with the size of the initial endowment,
Thomas Piketty quotes: I don't live in the Cold War. Some people maybe still live in the Cold War, but this is their problem, not mine. I don't live in the Cold War. Some people maybe still live in the Cold War, but this is their problem, not mine.
Thomas Piketty quotes: We know too little about global wealth dynamics, so we need international transmission of bank information. We know too little about global wealth dynamics, so we need international transmission of bank information.
Thomas Piketty quotes: Wealth is so concentrated that a large segment of society is virtually unaware of its existence. Wealth is so concentrated that a large segment of society is virtually unaware of its existence.
Thomas Piketty quotes: My premise is not to tax to destroy the wealth of the wealthy; it's to increase the wealth of the bottom and the middle class. My premise is not to tax to destroy the wealth of the wealthy; it's to increase the wealth of the bottom and the middle class.
Thomas Piketty quotes: I'm not as pessimistic as what a number of people seem to believe. I'm not as pessimistic as what a number of people seem to believe.
Thomas Piketty quotes: the upper classes instinctively abandoned idleness and invented meritocracy lest universal suffrage deprive them of everything they owned. the upper classes instinctively abandoned idleness and invented meritocracy lest universal suffrage deprive them of everything they owned.
Thomas Piketty quotes: Autarky has never promoted prosperity. Autarky has never promoted prosperity.
Thomas Piketty quotes: I don't pretend that I can predict the future value of the growth rate or rate of return. I don't pretend that I can predict the future value of the growth rate or rate of return.
Thomas Piketty quotes: Democracy will never be supplanted by a republic of experts - and that is a very good thing. Democracy will never be supplanted by a republic of experts - and that is a very good thing.
Thomas Piketty quotes: A tax on capital would promote the general interest over private interests while preserving economic openness and the forces of competition. A tax on capital would promote the general interest over private interests while preserving economic openness and the forces of competition.
Thomas Piketty quotes: can we imagine political institutions that might regulate today's global patrimonial capitalism justly as well as efficiently? can we imagine political institutions that might regulate today's global patrimonial capitalism justly as well as efficiently?
Thomas Piketty quotes: All told, over the period 1932-1980, nearly half a century, the top federal income tax rate in the United States averaged 81 percent. All told, over the period 1932-1980, nearly half a century, the top federal income tax rate in the United States averaged 81 percent.
Thomas Piketty quotes: (which did not exist before the creation of the income tax in 1913) (which did not exist before the creation of the income tax in 1913)
Thomas Piketty quotes: It's not Utopian to believe that we can create a global registry of financial assets so we know who owns what in different countries. It's not Utopian to believe that we can create a global registry of financial assets so we know who owns what in different countries.
Thomas Piketty quotes: No hypocrisy is too great when economic and financial elites are obliged to defend their interest. No hypocrisy is too great when economic and financial elites are obliged to defend their interest.
Thomas Piketty quotes: Indeed, the distribution of wealth is too important an issue to be left to economists, sociologists, historians, and philosophers. Indeed, the distribution of wealth is too important an issue to be left to economists, sociologists, historians, and philosophers.
Thomas Piketty quotes: Capitalism and market forces are very powerful in producing wealth and innovation. But we need to ensure that these forces act in the common interest. Capitalism and market forces are very powerful in producing wealth and innovation. But we need to ensure that these forces act in the common interest.
Thomas Piketty quotes: Sub-Saharan Africa, with a population of 900 million and an annual output of only 1.8 trillion euros (less than the French GDP of 2 trillion), Sub-Saharan Africa, with a population of 900 million and an annual output of only 1.8 trillion euros (less than the French GDP of 2 trillion),
Thomas Piketty quotes: Everyone is political in his or her own way. Everyone is political in his or her own way.
Thomas Piketty quotes: When inequality gets to an extreme, it is completely useless for growth. When inequality gets to an extreme, it is completely useless for growth.
Thomas Piketty quotes: tax is always more than just a tax: it is also a way of defining norms and categories and imposing a legal framework on economic activity. tax is always more than just a tax: it is also a way of defining norms and categories and imposing a legal framework on economic activity.
Thomas Piketty quotes: The principal mechanism for convergence at the international as well as the domestic level is the diffusion of knowledge. The principal mechanism for convergence at the international as well as the domestic level is the diffusion of knowledge.
Thomas Piketty quotes: Our modern democratic ideal is based on the hope that inequalities will be based on merit more than inheritance or luck. Our modern democratic ideal is based on the hope that inequalities will be based on merit more than inheritance or luck.
Thomas Piketty quotes: one would expect to see a flow of investments in Africa from other countries, especially China and other Asian nations. one would expect to see a flow of investments in Africa from other countries, especially China and other Asian nations.
Thomas Piketty quotes: Taxation is neither good nor bad in itself. Everything depends on how taxes are collected and what they are used for. Taxation is neither good nor bad in itself. Everything depends on how taxes are collected and what they are used for.
Thomas Piketty quotes: The social sciences collectively know too little to waste time on foolish disciplinary squabbles. The social sciences collectively know too little to waste time on foolish disciplinary squabbles.
Thomas Piketty quotes: The only continent not in equilibrium is Africa, where a substantial share of capital is owned by foreigners. The only continent not in equilibrium is Africa, where a substantial share of capital is owned by foreigners.
Thomas Piketty quotes: Inequality is not necessarily bad in itself: the key question is to decide whether it is justified, whether there are reasons for it. Inequality is not necessarily bad in itself: the key question is to decide whether it is justified, whether there are reasons for it.
Thomas Piketty quotes: Over a long period of time, the main force in favor of greater equality has been the diffusion of knowledge and skills. Over a long period of time, the main force in favor of greater equality has been the diffusion of knowledge and skills.
Thomas Piketty quotes: It's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth. It's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth.
Thomas Piketty quotes: I am not political. It is not my job. But I would be happy if politicians could read my work and draw some conclusions from it. I am not political. It is not my job. But I would be happy if politicians could read my work and draw some conclusions from it.

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