Thomas Piketty said this quote

“ We know something about billionaire consumption, but it is hard to measure some of it. Some billionaires are consuming politicians, others consume reporters, and some consume academics... ”

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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

Thomas Piketty Business Capital Consumerism Democrat Distribution Of Wealth Economy Eisenhower Greed Income Inequality Money Politics Republican Taxation Taxes

Income from labor [in the United States] is about as unequally distributed as has ever been observed anywhere.

~ Thomas Piketty

Thomas Piketty Capital Capitalism Corporations Corporatocracy Eye Opening Greed Income Labor Money Sad Truth Truth

Our democratic societies rest on a meritocratic worldview, or at any rate a meritocratic hope, by which I mean a belief in a society in which inequality is based more on merit and effort than on kinship and rents. This belief and this hope play a very crucial role in modern society, for a simple reason: in a democracy, the professed equality of rights of all citizens contrasts sharply with the very real inequality of living conditions, and in order to overcome this contradiction it is vital to make sure that social inequalities derive from rational and universal principles rather than arbitrary contingencies. Inequalities must therefore be just and useful to all, at least in the realm of discourse and as far as possible in reality as well.

~ Thomas Piketty

Thomas Piketty Democracy Equality Income Inequality Society Wealth

Protectionism does not produce wealth, and free trade and economic openness are ultimately in everyone’s interest

~ Thomas Piketty

Thomas Piketty Economics Free Trade Piketty