NEW DELHI - India should do more to tax its super-rich given its high levels of inequality, French economist and author Thomas Piketty said on Friday. "India should be active in taxing the rich," Piketty said at an event organised by Delhi-based think tank Research and Information System for Developing Countries and the Delhi School of Economics. He said India …
The share of the top 1% of Indians in total income and wealth is expected to have reached its highest ever level in 2022-23, according to a working paper published by the World Inequality Lab at the Paris School of Economics. The working paper by four economics researchers – Nitin Kumar Bharti, Lucas Chancel, Thomas Piketty, and Anmol Somanchi – …
Editor’s Note: Jordan McGillis is economics editor at City Journal. Jordan McGillis Manhattan Institute Auten and Splinter’s analysis, accepted in November by the Journal of Political Economy, shows that the share of the nation’s income going to the top 1% of earners after taxes and transfers has increased by just 1.4% since 1979. Going back to the early 1960s, Auten …
Selecting the best non fiction books of any particular year out of the enormous literature produced by the virtue of human ingenuity is a tedious task. **The Invisible Kingdom, Author: Meghan O’Rourke ** “The Invisible Kingdom- Reimagining Chronic Illness” by Yale Review editor Meghan O’Rourke’s heart wrenching and thoroughly researched exploration of the pain and confusion that many of us …
In 2013 the French economist Thomas Piketty released Capital in the Twenty-First Century, a magnum opus on income inequality. We are, Piketty suggested, returning to the kind of dynastic, ‘patrimonial’ capitalism that prevailed in the late 19th century.” We only need to look around us to see that most of the wealthy today are inheritors, and without doubt many of …
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