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QUESTION
Can someone explain (in term of wealth taxation) the statement by Thomas Pikkety (2014: 571) wealth 'accumulated in the past grows more rapidly than...
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?
