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Thomas Piketty

Thomas Piketty

Thomas Piketty

French economist Thomas Piketty, who flew into Dublin recently to address a TASC conference and was feted by those who believe in social engineering through confiscatory taxes, has much to teach Sinn Fein about wealth taxes. Piketty makes it quite plain that soaking the rich cannot work unless it is first and foremost a global effort to avoid the obvious effects of tax avoidance and competition causing flight to friendly neighbouring economies.

Piketty's well-timed book Capital in the Twenty-First Century has, to critical acclaim, identified a fault line in capitalism, that the return on wealth and the unearned income it generates by running up to three times faster than general economic growth, may return us to the gilded cage of Victorian times,


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