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Free exchange | Outrageous fortune

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Five years ago Thomas Piketty's "Capital in the Twenty-First Century", a weighty analysis of rising inequality, flew off shelves and ignited fiery debate. Fans and detractors alike tended to agree on one thing, at least: its proposal to fix inequality—a tax on wealth—was a dud. A half-decade later the mood has shifted. Several candidates for the Democratic presidential nomination promise to tax wealth; Bernie Sanders recently announced a plan to tax fortunes of more than $32m at 1% per year, and those larger than $10bn at 8%. In his latest doorstopper, "Capital and Ideology", currently available only in French, Mr Piketty suggests taxing the wealth of billionaires at up to 90%. Few economists go so far. But more are now arguing that wealth taxes need not slow growth.
机译:五年前,托马斯·皮凯蒂(Thomas Piketty)撰写的《二十一世纪的资本》,对贫富差距不断扩大进行了权衡分析,迅速下架,引发了激烈的辩论。球迷和反对者都倾向于在至少一件事上达成共识:解决不平等现象(对财富征税)的提议是过时的。半年过去了,心情已经改变了。几位民主党总统候选人提名候选人承诺对财富征税;伯尼·桑德斯(Bernie Sanders)最近宣布了一项计划,以每年1%的税率征税超过3200万美元的资产,以8%的税率征税超过100亿美元的资产。皮凯蒂在最新的门锁“资本与意识形态”(目前仅以法语提供)中建议,对亿万富翁的财富征收高达90%的税。几乎没有经济学家能走这么远。但是现在更多的人争辩说,财富税不需要放慢增长速度。

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    《The economist》 |2019年第9163期|70-70|共1页
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