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PIKETTY WEALTH DISTRIBUTION
Quote of the day by American philosopher and professor Noam Chomsky: “There are no poor countries— only systems that have failed to manage resources.” — Is poverty really man-made? The hidden truth behind broken economic systems, wealth concentration, and growing inequality continues fueling global frustration and social instabilityQuote of the day by Noam Chomsky: The quote challenges the common belief that poverty is unavoidable. It argues that broken economic system...- Quote of the day by Thomas Piketty: “Refusing to deal with numbers rarely serves the interests of the...” Lesson on money, rising inequality, and why numbers reveal the truth — The modern Marx and writer of Capital in the Twenty-First Century, explains why ignoring economic reality hurts ordinary people the mostQuote of the day: Thomas Piketty warns that ignoring economic data often harms poor and middle-class families the most. In today’s world of...
- The ‘stealthy wealthy’ have been rising in America — they make things and get rich slowly in contrast to Silicon Valley’s elite: Owen ZidarPrinceton's Professor Owen Zidar highlights the rise of 'stealthy wealthy' private business owners in America, contributing to growing ineq...
- India must do more to tax its super-rich, France's Piketty saysFrench economist Thomas Piketty urged India to increase taxes on its super-rich, citing rising inequality. He proposed a wealth tax and inh...
- 'Global wealth tax must pay for climate reparation'French economist Thomas Piketty advocated for a global wealth tax to fund climate reparations, especially for countries like India signific...
- Guard rails for capitalism, not AISam Altman's firing and reinstatement at OpenAI marked a turning point for AI, shifting its focus from societal good to a tool for producti...
- View: Don't eat the rich, it'll hurt the restMany countries have attempted to tax the rich through these taxes without success. They fundamentally militate against simple economic logi...
- India should impose tax on ultra-wealthy to tackle wealth inequality, says studyThe paper titled 'Proposals For a Wealth Tax Package to Tackle Extreme Inequalities in India' propose a comprehensive tax package on the ul...
- Wealth redistribution: The economics behind Rahul Gandhi's 'Robin Hood' ideaThe controversy over Rahul Gandhi's wealth redistribution promise, accused by PM Modi of benefiting Muslims, highlights ongoing economic in...
- When inequality shouldn’t be a concernMilton Friedman and Friedrich Hayek argued that redistributive policies can stifle innovation and productivity. If individuals feel their e...
- Congress' Rahul Gandhi vows a survey to redistribute the wealth of IndiansRahul Gandhi vows wealth redistribution if Congress wins, proposing a census to assess population and backward caste status, followed by we...
- India's richest 1% has highest concentration of wealth in decades, study showsIndia's wealth inequality is at a six-decade high with the top 1% owning 40.1% of wealth. Foreign investments led to a surge in billionaire...
- View: Rebalancing capitalism-A case for purpose driven businessesThe extent to which capitalism has veered away from its embedded principles of meritocratic, problem solving, wealth and ownership creating...
- View: It's time to scrutinise the link between poverty and income inequalityWhy does the rise of crorepatis cause poverty to increase? Much of their wealth gains are due to property and stock market booms, which do ...
- Thomas Piketty is back with 1,200-page guide to abolishing billionaires“Capital and Ideology’’ ranges across time, and has references to India, China and Brazil.
- Study throws light on rising wealth & consumption inequality in IndiaThe gap between the forward and other castes is becoming wider over the years, according to a World Inequality Database study.
- India’s rich list and prevailing inequalityAs per the Hurun report, as of July 2018, India has 831 people with a wealth of Rs 1,000 crore or more.
- Thomas Piketty makes a worrying point about India: Mihir SharmaThose who read Prime Minister Narendra Modi's election victory in 2014 as a vote for more reform of the sort that India had seen since 1991...
- Latest inequality data reveals rising top income shares in China, USThe new online data sets, released at the American Economic Association Annual Conference last week, use national accounts, survey data, fi...
- Capital questionThe distribution of wealth is one of today’s most-widely-discussed and controversial issues…. Let me say at once that the answers contained...
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