Wednesday, July 20, 2022

Thomas Piketty Is Still Alive (and thinking about taxing endowments)

Or, at minimum, someone using his nom de blog is still posting at Le blog de Thomas Piketty.
(and in English)

I was thinking about Piketty because a friend sent me this from Philanthropy Daily, June 29: 

Thomas Piketty proposes specific tax scale for nonprofit endowments
Don’t miss influential author, in new book, floating idea “in order to avoid an excessive concentration of power within a small number of entities and to enable less wealthy entities to develop.”

Progressive intellectuals and activists are foremost among those who have put philanthropy on the defensive of late. And Tomas Piketty is one of the world’s foremost progressive academic economists.

Piketty is a professor at the School for Advanced Studies in the Social Sciences in Paris and has affiliations at several other prestigious academic institutions around the globe. Among his books, 2013’s Capital in the Twenty-First Century in particular restructured the public discourse about political economy and inequality.

His work has been and remains greatly influential.

Piketty’s new book A Brief History of Equality further explores the origins of wealth disparity and offers various specific policy proposals that he believes would mitigate it, including an annual wealth tax that would make “it possible to levy receipts far more substantial than those of the inheritance tax, and to improve redistribution in proportion to each individual’s ability to contribute.”....

....MUCH MORE

Some previous Piketty (gotta stop with the alliteration):
Piketty, The Musical
Emanuel Derman, Tyler Cowen et al On "Why is Thomas Piketty's 700-page book a bestseller?"
While I Contemplated Writing 700,000 Words On Piketty, The FT's Money Supply Came Back Swinging
A Socialist Review of Piketty's Latest
The Financial Times Explains Its Vicious Crypto-fascist, Puppies-in-a-Blender Attack on Thomas Piketty
Piketty, Piketty. Why Does That Name Seem Familiar? El-Erian on Piketty's Investment Strategies
Piketty Til You Puke: "Ryan Avent Is Very Unhappy with Clive Crook’s Review of Piketty’s 'Capital in the Twenty-First Century'"
We've now gone all second -or is it third?- derivative (fourth?).

And many more, use the 'search blog' box if interested.