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Piketty Thomas quotes by Thomas Piketty
#1. If the twenty-first century turns out to be a time of low (demographic and economic) growth and high return on capital (in a context of heightened international competition for capital resources), or at any rate in countries where these conditions hold true, inheritance will therefore probably again be as important as it was in the nineteenth century. An evolution in this direction is already apparent in France and a number of other European countries, where growth has already slowed considerably in recent decades. For the moment it is less prominent in the United States, essentially because demographic growth there is higher than in Europe. But if growth ultimately slows more or less everywhere in the coming century, as the median demographic forecasts by the United Nations (corroborated by other economic forecasts) suggest it will, then inheritance will probably take on increased importance throughout the world. #Quote by Thomas Piketty
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#2. I belong to a generation that came of age listening to news of the collapse of the Communist dicatorships and never felt the slightest affection or nostalgia for those regimes or for the Soviet Union. I was vaccinated for life against the conventional but lazy rhetoric of anticapitalism, some of which simply ignored the historic failure of Communism and much of which turned its back on the intellectual means necessary to push beyond it. I have no interest in denouncing inequality or capitalism per se - especially since social inequalities are not in themselves a problem as long as they are justified, that is, "founded only upon common utility," as article 1 of the 1789 Declaration of the Rights of Man and the Citizen proclaims. #Quote by Thomas Piketty
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#3. When inequality gets to an extreme, it is completely useless for growth. #Quote by Thomas Piketty
Piketty Thomas quotes by Thomas Piketty
#4. In the top centile, by contrast, financial and business assets clearly predominate over real estate. In particular, shares of stock or partnerships constitute nearly the totality of the largest fortunes. Between 2 and 5 million euros, the share of real estate is less than one-third; above 5 million euros, it falls below 20 percent; above 10 million euros, it is less than 10 percent and wealth consists primarily of stock. #Quote by Thomas Piketty
Piketty Thomas quotes by Thomas Piketty
#5. Without precisely defined sources, methods, and concepts, it is possible to see absolutely everything and its opposite. #Quote by Thomas Piketty
Piketty Thomas quotes by Thomas Piketty
#6. The reality is that extreme inequality recurs again and again; to deal with it, societies need institutions capable of periodically redefining and redistributing property rights. The refusal to do so in as transparent and peaceful a manner as possible only increases the likelihood of more violent but less effective remedies. #Quote by Thomas Piketty
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#7. A tax on capital would promote the general interest over private interests while preserving economic openness and the forces of competition. #Quote by Thomas Piketty
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#8. To be sure, the cost of managing capital and of "formal" financial intermediation (that is, the investment advice and portfolio management services provided by a bank or official financial institution or real estate agency or managing partner) is obviously taken into account and deducted from the income on capital in calculating the average rate of return (as presented here). But this is not the case with "informal" financial intermediation: every investor spends time - in some cases a lot of time - managing his own portfolio and affairs and determining which investments are likely to be the most profitable. This effort can in certain cases be compared to genuine entrepreneurial labor or to a form of business activity. #Quote by Thomas Piketty
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#9. In all human societies, health and education have an intrinsic value: the ability to enjoy years of good health, like the ability to acquire knowledge and culture, is one of the fundamental purposes of civilization. #Quote by Thomas Piketty
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#10. For industrial goods, productivity growth has been more rapid than for the economy as a whole, so that prices in this sector have fallen relative to the average of all prices. Foodstuffs is a sector in which productivity has increased continuously and crucially over the very long run (thereby allowing a greatly increased population to be fed by ever fewer hands, liberating a growing portion of the workforce for other tasks), even though the increase in productivity has been less rapid in the agricultural sector than in the industrial sector, so that food prices have evolved at roughly the same rate as the average of all prices. Finally, productivity growth in the service sector has generally been low (or even zero in some cases, which explains why this sector has tended to employ a steadily increasing share of the workforce), so that the price of services has increased more rapidly than the average of all prices. #Quote by Thomas Piketty
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#11. wealth in the rich countries is currently divided into two approximately equal (or comparable) parts: real estate and financial assets. #Quote by Thomas Piketty
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#12. Goldin and Katz have no doubt that increased wage inequality in the United States is due to a failure to invest sufficiently in higher education. More precisely, too many people failed to receive the necessary training, in part because families could not afford the high cost of tuition. In order to reverse this trend, they conclude, the United States should invest heavily in education so that as many people as possible can attend college. #Quote by Thomas Piketty
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#13. Among the members of these upper income groups are US academic economists, many of whom believe that the economy of the United States is working fairly well and, in particular, that it rewards talent and merit accurately and precisely. This is a very comprehensible human reaction. #Quote by Thomas Piketty
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#14. the future could hold in store a new world of inequality more extreme than any that preceded it. #Quote by Thomas Piketty
Piketty Thomas quotes by Thomas Piketty
#15. The right solution is a progressive annual tax on capital. This will make it possible to avoid an endless inegalitarian spiral while preserving competition and incentives for new instances of primitive accumulation. #Quote by Thomas Piketty
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#16. No hypocrisy is too great when economic and financial elites are obliged to defend their interest. #Quote by Thomas Piketty
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#17. I don't think there is any serious evidence that we need to be paying people more than 100 times the average wage in order to get high-performing managers. #Quote by Thomas Piketty
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#18. We know too little about global wealth dynamics, so we need international transmission of bank information. #Quote by Thomas Piketty
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#19. Notwithstanding the extravagance of some of their characters, these nineteenth-century novelists describe a world in which inequality was to a certain extent necessary: if there had not been a sufficiently wealthy minority, no one would have been able to worry about anything other than survival. This view of inequality deserves credit for not describing itself as meritocratic, if nothing else. In a sense, a minority was chosen to live on behalf of everyone else, but no one tried to pretend that this minority was more meritorious or virtuous than the rest. … Modern meritocratic society, especially in the United States, is much harder on the losers, because it seeks to justify domination on the ground of justice, virtue, and merit, to say nothing of the insufficient productivity of those at the bottom. #Quote by Thomas Piketty
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#20. Protectionism does not produce wealth, and free trade and economic openness are ultimately in everyone's interest #Quote by Thomas Piketty
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#21. It is not out of the question that the two forces of divergence will ultimately come together in the twenty-first century. This has already happened to some extent and may yet become a global phenomenon, which could lead to levels of inequality never before seen, as well as to a radically new structure of inequality. Thus far, however, these striking patterns reflect two distinct underlying phenomena. #Quote by Thomas Piketty
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#22. The second conclusion, which is the heart of the book, is that the dynamics of wealth distribution reveal powerful mechanisms pushing alternately toward convergence and divergence. Furthermore, there is no natural, spontaneous process to prevent destabilizing, inegalitarian forces from prevailing permanently. Consider #Quote by Thomas Piketty
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#23. United States... on the one hand this is a country of egalitarian promise, a land of opportunity for millions of immigrants of modest background; on the other hand it is a land of extremely brutal inequality, especially in relation to race. #Quote by Thomas Piketty
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#24. a very substantial and growing inequality of capital income since 1980 accounts for about one-third of the increase in income inequality in the United States - a far from negligible amount. #Quote by Thomas Piketty
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#25. As long as the incomes of the various classes of contemporary society remain beyond the reach of scientific inquiry, there can be no hope of producing a useful economic and social history. #Quote by Thomas Piketty
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#26. The main force pushing toward reduction in inequality has always been the diffusion of knowledge and the diffusion of education. #Quote by Thomas Piketty
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#27. The principal mechanism for convergence at the international as well as the domestic level is the diffusion of knowledge. #Quote by Thomas Piketty
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#28. My premise is not to tax to destroy the wealth of the wealthy; it's to increase the wealth of the bottom and the middle class. #Quote by Thomas Piketty
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#29. Economists tend to think they are much, much smarter than historians, than everybody. And this is a bit too much because at the end of the day, we don't know very much in economics. #Quote by Thomas Piketty
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#30. For far too long economists have sought to define themselves in terms of their supposedly scientific methods. In fact, those methods rely on an immoderate use of mathematical models, which are frequently no more than an excuse for occupying the terrain and masking the vacuity of the content. #Quote by Thomas Piketty
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#31. Everyone is political in his or her own way. #Quote by Thomas Piketty
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#32. The Marikana tragedy calls to mind earlier instances of violence. At Haymarket Square in Chicago on May 1, 1886, and then at Fourmies, in northern France, on May 1, 1891, police fired on workers striking for higher wages. Does this kind of violent clash between labor and capital belong to the past, or will it be an integral part of twenty-first-century history? #Quote by Thomas Piketty
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#33. I think inequality is fine, as long as it is in the common interest. The problem is when it gets so extreme, when it becomes excessive. #Quote by Thomas Piketty
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#34. Once constituted, capital reproduces itself faster than output increases. The past devours the future. #Quote by Thomas Piketty
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#35. Yeah, I am in favor of migration. But I am also in favor of education. But at the same time, I am in favor of progressive taxation. I think we need all of this. I think we don't have to choose one. #Quote by Thomas Piketty
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#36. The democratic ideal has always been related to a moderate level of inequality. I think one big reason why electoral democracy flourished in 19th century America better than 19th century Europe is because you had more equal distribution of wealth in America. #Quote by Thomas Piketty
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#37. There is no escaping the fact, however, that social science research on the distribution of wealth was for a long time based on a relatively limited set of firmly established facts together with a wide variety of purely theoretical speculations. #Quote by Thomas Piketty
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#38. the decrease in the top marginal income tax rate led to an explosion of very high incomes, which then increased the political influence of the beneficiaries of the change in the tax laws, who had an interest in keeping top tax rates low or even decreasing them further and who could use their windfall to finance political parties, pressure groups, and think tanks. #Quote by Thomas Piketty
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#39. Progress in medicine together with improved living conditions has therefore, it is argued, totally transformed the very essence of capital. #Quote by Thomas Piketty
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#40. It's not Utopian to believe that we can create a global registry of financial assets so we know who owns what in different countries. #Quote by Thomas Piketty
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#41. Taxation is not a technical matter. It is preeminently a political and philosophical issue, perhaps the most important of all political issues. #Quote by Thomas Piketty
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#42. in wartime, economic activity decreases, inflation increases, and real wages and purchasing power begin to fall. Wages at the bottom of the wage scale generally rise, however, and are somewhat more generously protected from inflation than those at the top. #Quote by Thomas Piketty
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#43. (which did not exist before the creation of the income tax in 1913) #Quote by Thomas Piketty
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#44. One can even imagine that inflation tends to improve the relative position of the wealthiest individuals compared to the least wealthy, in that it enhances the importance of financial managers and intermediaries. A person with 10 or 50 million euros cannot afford the money managers that Harvard has but can nevertheless pay financial advisors and stockbrokers to mitigate the effects of inflation. By contrast, a person with only 10 or 50 thousand euros to invest will not be offered the same choices by her broker (if she has one): contacts with financial advisors are briefer, and many people in this category keep most of their savings in checking accounts that pay little or nothing and/or savings accounts that pay little more than the rate of inflation. #Quote by Thomas Piketty
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#45. The reality was so striking that it even found expression in an animated cartoon, The Aristocats, set in Paris in 1910. The size of the old lady's fortune is not mentioned, but to judge by the splendor of her residence and by the zeal of her butler Edgar to get rid of Duchesse and her three kittens, it must have been considerable. #Quote by Thomas Piketty
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#46. There is one great advantage to being an academic economist in France: here, economists are not highly respected in the academic and intellectual world or by political and financial elites. Hence they must set aside their contempt for other disciplines and their absurd claim to greater scientific legitimacy, despite the fact that they know almost nothing about anything. #Quote by Thomas Piketty
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#47. Conversely, younger people, in particular those born in the 1970s and 1980s, have already experienced (to a certain extent) the important role that inheritance will once again play in their lives and the lives of their relatives and friends. For this group, for example, whether or not a child receives gifts from parents can have a major impact in deciding who will own property and who will not, at what age, and how extensive that property will be - in any case, to a much greater extent than in the previous generation. Inheritance is playing a larger part in their lives, careers, and individual and family choices than it did with the baby boomers. #Quote by Thomas Piketty
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#48. Our modern democratic ideal is based on the hope that inequalities will be based on merit more than inheritance or luck. #Quote by Thomas Piketty
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#49. Autarky has never promoted prosperity. #Quote by Thomas Piketty
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#50. the upper classes instinctively abandoned idleness and invented meritocracy lest universal suffrage deprive them of everything they owned. #Quote by Thomas Piketty
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#51. if the global output and the income to which it gives rise were equally divided,each individual in the world would have an income of about 760 euros per month #Quote by Thomas Piketty
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#52. Social scientific research is and always will be tentative and imperfect. It does not claim to transform economics, sociology, and history into exact sciences. But by patiently searching for facts and patterns and calmly analyzing the economic, social, and political mechanisms that might explain them, it can inform democratic debate and focus attention on the right questions. It can help to redefine the terms of debate, unmask certain preconceived or fraudulent notions, and subject all positions to constant critical scrutiny. In my view, this is the role that intellectuals, including social scientists, should play, as citizens like any other but with the good fortune to have more time than others to devote themselves to study (and even to be paid for it - a signal privilege). #Quote by Thomas Piketty
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#53. And in the most inegalitarian countries, such as the United States in the early 2010s (where, as will emerge later, income from labor is about as unequally distributed as has ever been observed anywhere), the top decile gets 35 percent of the total, whereas the bottom half gets only 25 percent. #Quote by Thomas Piketty
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#54. I certainly agree that capital is not a one-dimensional object, and that the return on capital takes very different forms for different assets or different people. #Quote by Thomas Piketty
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#55. Having a decent share of the national wealth for the middle class is not bad for growth. It is actually useful both for equity and efficiency reasons. #Quote by Thomas Piketty
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#56. When it comes to decreasing inequalities of wealth for good or reducing unusually high levels of public debt, a progressive tax on capital is generally a better tool than inflation. #Quote by Thomas Piketty
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#57. Refusing to deal with numbers rarely serves the interests of the least well-off. #Quote by Thomas Piketty
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#58. Wealth is so concentrated that a large segment of society is virtually unaware of its existence. #Quote by Thomas Piketty
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#59. The U.S. is the country that invented progressive taxation of income and of inherited wealth in the 1910s and '20s. #Quote by Thomas Piketty
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#60. one would expect to see a flow of investments in Africa from other countries, especially China and other Asian nations. #Quote by Thomas Piketty
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#61. When the rate of return on capital significantly exceeds the growth rate of the economy (as it did through much of history until the nineteenth century and as is likely to be the case again in the twenty-first century), then it logically follows that inherited wealth grows faster than output and income. People #Quote by Thomas Piketty
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#62. showed that even with the considerable increase in the average level of education over the course of the twentieth century, earned income inequality did not decrease. Qualification levels shifted upward: a high school diploma now represents what a grade school certificate used to mean, a college degree what a high school diploma used to stand for, and so on. #Quote by Thomas Piketty
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#63. The history of inequality is shaped by the way economic, social, and political actors view what is just and what is not, as well as by the relative power of those actors and the collective choices that result. It is the joint product of all relevant actors combined. #Quote by Thomas Piketty
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#64. If you have free trade and free circulation of
capital and people but destroy the social state and all forms of progressive taxation, the temptations of defensive nationalism and identity politics will very likely grow stronger than ever in both Europe and the United States. Note, finally, that the less developed countries will be among the primary beneficiaries of a more just and transparent international tax system. #Quote by Thomas Piketty
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#65. You need some inequality to grow ... but extreme inequality is not only useless but can be harmful to growth because it reduces mobility and can lead to political capture of our democratic institutions. #Quote by Thomas Piketty
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#66. In contrast to what many people in Britain and the United States believe, the true figures on growth (as best one can judge from official national accounts data) show that Britain and the United States have not grown any more rapidly since 1980 than Germany, France, Japan, Denmark, or Sweden. In other words, the reduction of top marginal income tax rates and the rise of top incomes do not seem to have stimulated productivity (contrary to the predictions of supply-side theory) or at any rate did not stimulate productivity enough to be statistically detectable at the macro level. #Quote by Thomas Piketty
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#67. It's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth. #Quote by Thomas Piketty
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#68. For individuals whose only capital is a small balance in a checking account, the return is negative, because such balances yield no interest and are eaten away by inflation. Savings accounts often yield little more than the inflation rate. #Quote by Thomas Piketty
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#69. Market forces and capitalism by themselves aren't sufficient to ensure the common good and to limit the concentration of wealth at levels that are compatible with democratic ideals. #Quote by Thomas Piketty
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#70. Paradoxically, the sources available today (in the era of big data) are less precise than those that were available a century ago due to the internationalization of wealth, the proliferation of tax havens, and above all, lack of political will to enforce financial transparency, so it is quite possible that we are underestimating the level of wealth inequality in recent decades. #Quote by Thomas Piketty
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#71. Economists have put themselves in a position where what they are doing is supposed to be impossible to understand for outsiders, so they don't even talk - sometimes not even with their girlfriend or boyfriend or friends - about what they are doing. #Quote by Thomas Piketty
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#72. For millions of people, "wealth" amounts to little more than a few weeks' wages in a checking account or low-interest savings account, a car, and a few pieces of furniture. The inescapable reality is this: wealth is so concentrated that a large segment of society is virtually unaware of its existence, so that some people imagine that it belongs to surreal or mysterious entities. That is why it is so essential to study capital and its distribution in a methodical, systematic way. #Quote by Thomas Piketty
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#73. the higher returns of the largest endowments are not due primarily to greater risk taking but to a more sophisticated investment strategy that consistently produces better results. #Quote by Thomas Piketty
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#74. At the heart of every major political upheaval lies a fiscal revolution. #Quote by Thomas Piketty
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#75. political democracies that do not democratize their economic systems are inherently unstable. #Quote by Thomas Piketty
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#76. The discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often highly ideological speculation, at the expense of historical research and collaboration with the other social sciences. #Quote by Thomas Piketty
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#77. statistical indices such as the Gini coefficient give an abstract and sterile view of inequality, which makes it difficult for people to grasp their position in the contemporary hierarchy (always a useful exercise, particularly when one belongs to the upper centiles of the distribution and tends to forget it, as is often the case with economists). #Quote by Thomas Piketty
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#78. Housing is the favorite investment of the middle class and moderately well-to-do, but true wealth always consists primarily of financial and business assets. #Quote by Thomas Piketty
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#79. What I argue for is a progressive tax, a global tax, based on the taxation of private property. #Quote by Thomas Piketty
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#80. What was the good of industrial development, what was the good of all the technological innovations, toil, and population movements if, after half a century of industrial growth, the condition of the masses was still just as miserable as before, and all lawmakers could do was prohibit factory labor by children under the age of eight? #Quote by Thomas Piketty
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#81. I don't pretend that I can predict the future value of the growth rate or rate of return. #Quote by Thomas Piketty
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#82. When you are an entrepreneur, you have founded your own firm, it is so easy to find that you exist - you are the main shareholder of your company; it is very easy to look at the stock market position of your company to know how rich you are. #Quote by Thomas Piketty
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#83. These findings stand in sharp contrast to the belief in "American exceptionalism" that once dominated US sociology, according to which social mobility in the United States was exceptionally high compared with the class-bound societies of Europe. No doubt the settler society of the early nineteenth century was more mobile. As I have shown, moreover, inherited wealth played a smaller role in the United States than in Europe, and US wealth was for a long time less concentrated, at least up to World War I. Throughout most of the twentieth century, however, and still today, the available data suggest that social mobility has been and remains lower in the United States than in Europe. #Quote by Thomas Piketty
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#84. In 1860, the average price of a male slave of prime working age was roughly $2,000, whereas the average wage of a free farm laborer was on the order of $200. #Quote by Thomas Piketty
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#85. We find the same pattern in virtually every region of the world: the identity cleavage deepened and conflicts over boundaries intensified while the wealth cleavage weakened and criticism of wealth became muted. #Quote by Thomas Piketty
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#86. In the long run, the best way to reduce inequalities with respect to labor as well as to increase the average productivity of the labor force and the overall growth of the economy is surely to invest in education. #Quote by Thomas Piketty
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#87. Inequalities at the bottom of the US wage distribution have closely followed the evolution of thee minimum wage: the gap between the bottom 10 percent of the wage distribution and the overall average wage widened significantly in the 1980s, then narrowed in the 1990s, and finally increased again in the 2000s. Nevertheless, inequalities at the top of the distribution - for example, the share of total wages going to the top 10 percent -- increased steadily throughout this period. Clearly, the minimum wage has an impact at the bottom of the distribution but much less influence at the top, where other forces are at work. #Quote by Thomas Piketty
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#88. I was born too late to have any temptation with communism, or at least Soviet-type communism. Travelling in Eastern Europe and the ex-Soviet Union, you clearly don't want to defend a system that would have empty shops and a totalitarian regime and internal passports. #Quote by Thomas Piketty
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#89. Over a long period of time, the main force in favor of greater equality has been the diffusion of knowledge and skills. #Quote by Thomas Piketty
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#90. We should not overestimate the extent of the diffusion of ownership that has taken place over the past two centuries: the egalitarian ownership society - or even, more modestly, a society in which the poorest half of the population owns more than a token share of the wealth - has yet to be invented. #Quote by Thomas Piketty
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#91. The dynamics of the global distribution of capital are at once economic, political, and military. This was already the case in the colonial era, when the great powers of the day, Britain and France foremost among them, were quick to roll out the cannon to protect their investments. Clearly, the same will be true in the twenty-first century, in a tense new global political configuration whose contours are difficult to predict in advance. #Quote by Thomas Piketty
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#92. All told, over the period 1932-1980, nearly half a century, the top federal income tax rate in the United States averaged 81 percent. #Quote by Thomas Piketty
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#93. no mathematical formula or econometric estimate can tell us exactly what tax rate ought to be applied to what level of income. Only collective deliberation and democratic experimentation can do that. #Quote by Thomas Piketty
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#94. This leads to the idea of a race between education and technology: if the supply of skills does not increase at the same pace as the needs of technology, then groups whose training is not sufficiently advanced will earn less and be relegated to devalued lines of work, and inequality with respect to labor will increase. In order to avoid this, the educational system must increase its supply of new types of training and its output of new skills at a sufficiently rapid pace. If equality is to decrease, moreover, the supply of new skills must increase even more rapidly, especially for the least well educated. #Quote by Thomas Piketty
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#95. taxes consumed less than 10 percent of national income in all four countries during the nineteenth century and up to World War I. This reflects the fact that the state at that time had very little involvement in economic and social life. #Quote by Thomas Piketty
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#96. In North America, there is no nostalgia for the postwar period, quite simply because the Trente Glorieuses never existed there: per capita output grew at roughly the same rate of 1.5–2 percent per year throughout the period 1820–2012. To be sure, growth slowed a bit between 1930 and 1950 to just over 1.5 percent, then increased again to just over 2 percent between 1950 and 1970, and then slowed to less than 1.5 percent between 1990 and 2012. In Western Europe, which suffered much more from the two world wars, the variations are considerably greater: per capita output stagnated between 1913 and 1950 (with a growth rate of just over 0.5 percent) and then leapt ahead to more than 4 percent from 1950 to 1970, before falling sharply to just slightly above US levels (a little more than 2 percent) in the period 1970–1990 and to barely 1.5 percent between 1990 and 2012.
Western Europe experienced a golden age of growth between 1950 and 1970, only to see its growth rate diminish to one-half or even one-third of its peak level during the decades that followed.
[...]
If we looked only at continental Europe, we would find an average per capita output growth rate of 5 percent between 1950 and 1970 - a level well beyond that achieved in other advanced countries over the past two centuries.
These very different collective experiences of growth in the twentieth century largely explain why public opinion in different countries varies so widely in regard to commercial and #Quote by Thomas Piketty
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#97. monopsony" rather than monopoly), in which case the owner of capital can impose a rate of return greater than the marginal productivity of his capital. #Quote by Thomas Piketty
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#98. I think if you look back through time, the history of income, wealth and taxation is full of surprise. So I am not terribly impressed by those who know in advance what will or will not happen. #Quote by Thomas Piketty
Piketty Thomas quotes by Thomas Piketty
#99. Capital is never quiet: it is always risk-oriented and entrepreneurial, at least at its inception, yet it always tends to transform itself into rents as it accumulates in large enough amounts - that is its vocation, its logical destination. What, then, gives us the vague sense that social inequality today is very different from social inequality in the age of Balzac and Austen? Is this just empty talk with no purchase on reality, or can we identify objective factors to explain why some people think that modern capital has become more "dynamic" and less "rent-seeking? #Quote by Thomas Piketty
Piketty Thomas quotes by Thomas Piketty
#100. There is also the idea, widespread among economists, that modern economic growth depends largely on the rise of "human capital." At first glance, this would seem to imply that labor should claim a growing share of national income. And one does indeed find that there may be a tendency for labor's share to increase over the very long run, but the gains are relatively modest: #Quote by Thomas Piketty
Piketty Thomas quotes by Thomas Piketty
#101. (autarky does not encourage technological transfer). #Quote by Thomas Piketty
Piketty Thomas quotes by Thomas Piketty
#102. In the first place, just as income tax returns allow us to study changes in income inequality, estate tax returns enable us to study changes in the inequality of wealth. #Quote by Thomas Piketty
Piketty Thomas quotes by Thomas Piketty
#103. The only way to overcome these contradictions is for the countries of the Eurozone (or at any rate those who are willing) to pool their public debts. #Quote by Thomas Piketty
Piketty Thomas quotes by Thomas Piketty
#104. I'm not as pessimistic as what a number of people seem to believe. #Quote by Thomas Piketty
Piketty Thomas quotes by Thomas Piketty
#105. always increasing and that the world is by definition always becoming more unjust. Others believe that inequality is naturally decreasing, or that harmony comes about automatically, and that in any case nothing should be done that might risk disturbing this happy equilibrium. Given this dialogue of the deaf, in which each camp justifies its #Quote by Thomas Piketty
Piketty Thomas quotes by Thomas Piketty
#106. Economists should be modest and be aware that they are part of the broader social science community. We need to be pragmatic about the methods we use. When we need to do history, we should do history. When we need to study political science, we should study political science. #Quote by Thomas Piketty
Piketty Thomas quotes by Thomas Piketty
#107. Inequality is not necessarily bad in itself: the key question is to decide whether it is justified, whether there are reasons for it. #Quote by Thomas Piketty
Piketty Thomas quotes by Thomas S. Monson
#108. Everyone can be discontented if he ignores his blessings and looks only at his burdens. #Quote by Thomas S. Monson
Piketty Thomas quotes by Dylan Thomas
#109. Out of the sighs a little comes,
But not of grief, for I have knocked down that
Before the agony; the spirit grows,
Forgets, and cries;
A little comes, is tasted and found good ... #Quote by Dylan Thomas
Piketty Thomas quotes by Eric Thomas
#110. I started as a GED instructor, I created my own GED program and I realized that a lot of young people that don't do we'll academically, it's not that they don't have the competency to do it or the skill set to do it, it's just that they weren't motivated to learn. They weren't interested in school so I started just talking to students and just really going in on them like yo this is life or death. #Quote by Eric Thomas
Piketty Thomas quotes by J. Thomas Steele
#111. One last "happy" thought: Your marriage will end either in death or divorce. (Think about it!) So well before the "I do's" (and the eventual tears), why not give both of yourselves a chance for a marriage that can be the best it can be? #Quote by J. Thomas Steele
Piketty Thomas quotes by Thomas Sowell
#112. Some of the people on death row today might not be there if the courts had not been so lenient on them when they were first offenders. #Quote by Thomas Sowell
Piketty Thomas quotes by Thomas Jefferson
#113. The Creator has not thought proper to mark those in the forehead who are of stuff to make good generals. We are first, therefore, to seek them blindfold, and then let them learn the trade at the expense of great losses. #Quote by Thomas Jefferson
Piketty Thomas quotes by Thomas Mann
#114. Even in a personal sense, after all, art is an intensified life. By art one is more deeply satisfied and more rapidly used up. It engraves on the countenance of its servant the traces of imaginary and intellectual adventures, and even if he has outwardly existed in cloistral tranquility, it leads in the long term to overfastidiousness, over-refinement, nervous fatigue and overstimulation, such as can seldom result from a life of the most extravagant passions and pleasures. #Quote by Thomas Mann
Piketty Thomas quotes by Thomas Friedman
#115. If you don't visit a bad neighborhood, it might visit you. #Quote by Thomas Friedman
Piketty Thomas quotes by James Dashner
#116. Good that, Thomas agreed. #Quote by James Dashner
Piketty Thomas quotes by Dean Koontz
#117. I'd had much practice turning my mind away from certain memories of my childhood. I could quickly dial her remembered voice from a whisper to a silence. #Quote by Dean Koontz
Piketty Thomas quotes by Thomas Perry
#118. There are days when I intentionally don't write. For instance, I never write when I'm traveling, because travel is a situation where I can learn more by looking and listening than by working. #Quote by Thomas Perry
Piketty Thomas quotes by Thomas F. Wilson
#119. The greatest of all disorders is to think we are whole and need no help. #Quote by Thomas F. Wilson
Piketty Thomas quotes by Timothy Thomas Fortune
#120. Mob law is the most forcible expression of an abnormal public opinion; it shows that society is rotten to the core. #Quote by Timothy Thomas Fortune
Piketty Thomas quotes by Thomas Ligotti
#121. What meaning our lives seem to have is the work of a relatively well-constituted emotional system. As consciousness gives us the sense of being persons, our psychophysiology is responsible for making us into personalities who believe the existential game to be worth playing. We may have memories that are unlike those of anyone else, but without the proper emotions to liven those memories they might as well reside in a computer file as disconnected bits of data that never unite into a tailor-made individual for whom things seem to mean something. You can conceptualize that your life has meaning, but if you do not feel that meaning then your conceptualization is meaningless and you are nobody. #Quote by Thomas Ligotti
Piketty Thomas quotes by Thomas Paine
#122. What we obtain too cheaply, we esteem too lightly; it's dearness only that gives everthing its value. #Quote by Thomas Paine
Piketty Thomas quotes by Thomas Jefferson
#123. The advertisement is the most truthful part of a newspaper. #Quote by Thomas Jefferson
Piketty Thomas quotes by Thomas Carlyle
#124. Do not be embarrassed by your mistakes. Nothing can teach us better than our understanding of them. This is one of the best ways of self-education. #Quote by Thomas Carlyle
Piketty Thomas quotes by Brandon Thomas DiSabatino
#125. no one tells you rome is ending until you're the last one standing alone in a coliseum where a city had been. #Quote by Brandon Thomas DiSabatino
Piketty Thomas quotes by Thomas Merton
#126. When we are alone on a starlit night, when by chance we see the migrating birds in autumn descending on a grove of junipers to rest and eat; when we see children in a moment when they are really children, when we know love in our own hearts; or when, like the Japanese poet, Basho, we hear an old frog land in a quiet pond with a solitary splash - at such times the awakening, the turning inside out of all values, the "newness," the emptiness and the purity of vision that make themselves evident, all these provide a glimpse of the cosmic dance. #Quote by Thomas Merton
Piketty Thomas quotes by Rosie Thomas
#127. As well as remembering too little, I have seen too much #Quote by Rosie Thomas
Piketty Thomas quotes by Thomas Paine
#128. Great part of that order which reigns among mankind is not the effect of government. It has its origin in the principles of society and the natural constitution of man. It existed prior to government, and would exist if the formality of government was abolished. The mutual dependence and reciprocal interest which man has upon man, and all the parts of civilised community upon each other, create that great chain of connection which holds it together. #Quote by Thomas Paine
Piketty Thomas quotes by Thomas Haden Church
#129. I love knowing that I'm not better than any other person on the planet. #Quote by Thomas Haden Church
Piketty Thomas quotes by Thomas Lynch
#130. A good funeral gets the dead where they need to go and the living where they need to be. #Quote by Thomas Lynch
Piketty Thomas quotes by Sherry Thomas
#131. The air had that pellucid mountain clarity that made shapes sharper and colors truer. The green of the paddy fields wasn't just green, but a lusty green, full of hunger for sunlight and moisture. And the slopes weren't mere hulks of rock, but the ribs of the valley, protecting the delicate strip of fertile soil from the worst of the harsh elements. #Quote by Sherry Thomas
Piketty Thomas quotes by Thomas Bailey Aldrich
#132. It is only your habitual late riser who takes in the full flavor of Nature at those rare intervals when he gets up to go afishing. He brings virginal emotions and unsatiated eyes to the sparkling freshness of earth and stream and sky. #Quote by Thomas Bailey Aldrich
Piketty Thomas quotes by Thomas Nagel
#133. Without consciousness the mind-body problem would be much less interesting. With consciousness it seems hopeless. #Quote by Thomas Nagel
Piketty Thomas quotes by Lewis Thomas
#134. Given the opportunity, under the right conditions, two cells from wildly different sources, a yeast cell, say, and a chicken erythrocyte, will touch, fuse, and the two nuclei will then fuse as well, and the new hybrid cell will now divide into monstrous progeny. Naked cells, lacking self-respect, do not seem to have any sense of self. #Quote by Lewis Thomas
Piketty Thomas quotes by Thomas De Quincey
#135. Either the human being must suffer and struggle as the price of a more searching vision, or his gaze must be shallow and without intellectual revelation. #Quote by Thomas De Quincey
Piketty Thomas quotes by Thomas Jefferson
#136. I am already sensible of decay in the power of walking, and find my memory not so faithful as it used to be. This may be partly owing to the incessant current of new matter flowing constantly through it; but I ascribe to years their share in it also. #Quote by Thomas Jefferson
Piketty Thomas quotes by Thomas Merton
#137. We cannot arrive at the perfect possession of God in this life, and that is why we are travelling and in darkness. But we already possess Him by grace, and therefore in that sense we have arrived and are dwelling in the light.
But oh! How far have I to go to find You in Whom I have already arrived! #Quote by Thomas Merton
Piketty Thomas quotes by Thomas Jefferson
#138. Brute animals are the most healthy, and they are exposed to all weather, and of men, those are healthiest who are the most exposed. #Quote by Thomas Jefferson
Piketty Thomas quotes by Thomas Keller
#139. I wanted to learn everything I could about what it takes to be a great chef. It was a turning point for me. #Quote by Thomas Keller
Piketty Thomas quotes by Dave Thomas
#140. There are no strangers in Freemasonry, only friends you've yet to meet. #Quote by Dave Thomas
Piketty Thomas quotes by Thomas More
#141. And one wild Shakespeare, following Nature's lights,
Is worth whole planets, filled with Stagyrites. #Quote by Thomas More
Piketty Thomas quotes by Thomas Merton
#142. In meditative prayer, one thinks and speaks not only with the mind and lips, but in a certain sense with one's whole being ... All good meditative prayer is a conversation of our entire self to God. #Quote by Thomas Merton
Piketty Thomas quotes by Mark Thomas
#143. The world looks like it was designed. Of course, the Sun also looks like it goes around the Earth. It is only thru science that we know that both of these perceptions are wrong. #Quote by Mark Thomas
Piketty Thomas quotes by Thomas Hardy
#144. Her presence had not so much weight as to task thought, and yet enough to exercise it. #Quote by Thomas Hardy
Piketty Thomas quotes by Patrick Thomas
#145. There was no smell, no texture, no temperature to it. It had as much substance as a politician's promise. #Quote by Patrick Thomas
Piketty Thomas quotes by Thomas Frank
#146. Can policy be both wise and aggressively partisan? Ask any Republican worth his salt and the answer will be an unequivocal yes. Ask a Democrat of the respectable Beltway variety and he will twist himself into a pretzel denying it. #Quote by Thomas Frank
Piketty Thomas quotes by Thomas Aquinas
#147. Baptism is the Sacrament of Faith. Now, dead faith does not suffice for salvation ..Therefore, the Sacrament of Baptism cannot give salvation to a man whose will ... expels the form of faith. #Quote by Thomas Aquinas
Piketty Thomas quotes by Thomas Merton
#148. True happiness is not found in any other reward than that of being united with God. If I seek some other reward besides God Himself, I may get my reward but I cannot be happy. #Quote by Thomas Merton
Piketty Thomas quotes by Thomas Campbell
#149. The only thing that is fundamental (real) is consciousness itself; all else is virtual- i.e., a result of an exchange of information within consciousness. #Quote by Thomas Campbell
Piketty Thomas quotes by Thomas A. Edison
#150. I am so deaf I am debarred from hearing all the time articulation and have to depend on the judgment of others. #Quote by Thomas A. Edison
Piketty Thomas quotes by Thomas A Kempis
#151. Therefore, neither confide in nor depend upon a wind-shaken reed, for "all flesh is grass" and all its glory, like the flower of grass, will fade away. You will quickly be deceived if you look only to the outward appearance of men, and you will often be disappointed if you seek comfort and gain in them. #Quote by Thomas A Kempis
Piketty Thomas quotes by Thomas Merton
#152. We live in a society whose whole policy is to excite every nerve in the human body and keep it at the highest pitch of artificial tension, to strain every human desire to the limit and to create as many new desires and synthetic passions as possible, in order to cater to them with the products of our factories and printing presses and movie studios and all the rest. #Quote by Thomas Merton
Piketty Thomas quotes by Thomas John Barnardo
#153. The work to me is everything, and I would throw every rule overboard and send them to the bottom of the sea tomorrow, if I felt there were a more excellent way. #Quote by Thomas John Barnardo
Piketty Thomas quotes by Thomas Harris
#154. I can tell him what you've said." "He'll ignore it. And Buffalo Bill will go on and on. Wait until he scalps one and see how you like it. Ummmm ... I'll tell you one thing about Buffalo Bill without ever seeing the case, and years from now when they catch him, if they ever do, you'll see that I was right and I could have helped. I could have saved lives. Clarice? #Quote by Thomas Harris
Piketty Thomas quotes by Thomas Ian Nicholas
#155. Making a movie is like getting married. You're like, "Am I going to marry this project? Am I ready for that kind of commitment?" #Quote by Thomas Ian Nicholas
Piketty Thomas quotes by Thomas Yellowtail
#156. Once you know about these things, you will also love them, because you will see that without a sense of the sacred, you are less than a man. #Quote by Thomas Yellowtail

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