Thomas Piketty explains how Elizabeth Warren’s wealth tax is American as apple pie

February 13, 2019  —  By

Last month, Democratic presidential hopeful Elizabeth Warren proposed an annual tax on the largest fortunes in America, with some of the cash generated by the tax being funneled into the IRS to catch dodgers who move or hide their money to escape the tax.

The Warren proposal was modelled on the work of French economist Thomas Piketty, who set out the case for a global wealth tax as an engine for economic growth and political stability in his blockbuster Capital in the 21st Century.

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