Saturday, November 15, 2014

Piketty in Taiwan to pitch for his proposal of global tax on capital

French economist, Piketty, arrived in Taiwan today to give a speech about his best-selling book, "Capital in the Twenty-First Century" which was out of stock in Amazon.com for many weeks in April and May this year. The major reason for this book to make a splash this year is simply because income inequality is an ubiquitous global problem. I don't believe any economists have any elixir for this malaise of income inequality. Piketty's solution is "a global tax on capital" of which even himself admits may be Utopian. Probably to possess a competitive skill (or even multiple skills) is the only way to weather the storm of this increasingly capital-intensive society.  http://www.amazon.com/Capital-Twenty-First-Century-Thomas-Piketty/dp/067443000X/ref=sr_1_1?s=books&ie=UTF8&qid=1416105105&sr=1-1&keywords=capital+in+the+twenty-first+century

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