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kleinbl00 · 3478 days ago · link · · parent · post: Bill Gates: Why Inequality Matters: A review of Thomas Piketty’s Capital in the Twenty-First Century
ie, a billionaire's take on Piketty. A generous and philanthropic billionaire, for sure, but still a billionaire. Piketty didn't talk about philanthropy much because philanthropy is a very small amount of the economy. And he didn't push for a consumption tax because they suck all the liquidity out of the economy. He also mentioned a global tax on capital to show that it was the most direct way to correct the problems he outlined while at the same time pointing out that it was ludicrous to think that it would actually be a solution attempted by anyone. A good read, nonetheless. Thanks.