French - Economist | May 7, 1971 -
I don't pretend that I can predict the future value of the growth rate or rate of return.
Thomas Piketty
GrowthFutureValueI CanPredict
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.
WealthTaxClassBottomMiddle
One way to have broader access to wealth is to reduce the tax on the large group and increase the tax on the very top so concentration of wealth doesn't get to extreme levels.
WealthTaxGroupWayTopGet
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.
GrowthEfficiencyWealthBadClass
We know too little about global wealth dynamics, so we need international transmission of bank information.
InformationWealthKnowBankNeed
I think if you look back through time, the history of income, wealth and taxation is full of surprise. So I am not terribly impressed by those who know in advance what will or will not happen.
HistoryTimeI AmThinkSurprise
'Das Kapital,' I think, is very difficult to read, and for me, it was not very influential.
MeThinkDifficultReadI Think
I loved American universities. In many ways, they are better organized - certainly than French universities.
LovedBetterAmericanOrganizedThan
The U.S. is the country that invented progressive taxation of income and of inherited wealth in the 1910s and '20s.
WealthCountryProgressiveIncome
Once constituted, capital reproduces itself faster than output increases. The past devours the future.
FuturePastCapitalFasterThan
I'm not as pessimistic as what a number of people seem to believe.
PeopleBelieveSeemNumber
I don't live in the Cold War. Some people maybe still live in the Cold War, but this is their problem, not mine.
LiveWarPeopleColdProblemMine
Copyright © 2024 QuotesDict Thomas Piketty quotes