With the richest people in the world continuing to amass ever more wealth, few would dispute that economic inequality is on the rise, or that current disparities will keep growing in the absence of more progressive taxation. But while tax reform is certainly necessary to solve the problem, it is not sufficient.
- Emmanuel Saez and Gabriel Zucman, The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay, Norton, 2019.
- Kenneth Scheve and David Stasavage, Taxing the Rich: A History of Fiscal Fairness in the United States and Europe, Princeton University Press, 2016.
- Thomas Piketty, Capital and Ideology, Harvard University Press, 2020; Capital et idéologie, Éditions du Seuil, 2019.
MILAN – The march of the billionaires has seemed unstoppable. Even as the International Monetary Fund warns of a synchronized global slowdown, the wealth of the very rich continues to grow unabated. According to Oxfam, the number of billionaires in the world has almost doubled since the 2008 financial crisis, with a new billionaire created every 48 hours. Last year, the 26 richest people on Earth had a combined net worth equal to that of the poorest half of the world’s population – some 3.8 billion people.
MILAN – The march of the billionaires has seemed unstoppable. Even as the International Monetary Fund warns of a synchronized global slowdown, the wealth of the very rich continues to grow unabated. According to Oxfam, the number of billionaires in the world has almost doubled since the 2008 financial crisis, with a new billionaire created every 48 hours. Last year, the 26 richest people on Earth had a combined net worth equal to that of the poorest half of the world’s population – some 3.8 billion people.