Description: One of the big book hits of the last year has been French economist’s Thomas Piketty’s Capital in the 21st Century. Pikkety’s 700 plus pager has generated debate with his call for a global tax on capital, a prescription he argues is necessary to assist low growth economies that see too much wealth in the hands of too few. Piketty underlined his belief in dramatic fashion recently by refusing to accept the prestigious membership in France’s Légion d’honneur. This refusal has given an unusually high profile to the issue of tax policy.
Source: Globe and Mail.com
Date: January 1, 2015
1) If you were in Thomas Piketty’s position, would you have accepted this award? Why or why not?
2) What is your opinion regarding the argument that low growth is a symptom of wealth concentration?
3) Given that tax policy is so important to businesses, citizens and economies, why do you think we give so little profile to it in the media?