![]() ![]() It is hard to imagine the nations of the world agreeing on any such thing anytime soon. Piketty has no illusions about how fast his proposition will be put into practice: “A global tax on capital is a utopian idea. Piketty declares that appropriate updating of the last century’s social-democratic and fiscal-liberal program is essential Such a tax would provide a way to avoid an endless inegalitarian spiral and to control the worrisome dynamics of global capital wealth.” ’ ![]() We must also innovate and levy “a progressive global tax on capital, coupled with a very high level of international financial transparency. Piketty declares that “appropriate updating of the last century’s social-democratic and fiscal-liberal program is essential.” He believes that we must defend and improve both the welfare state and the progressive income tax system. About Piketty’s central idea to create a global progressive tax on capital ![]()
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