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 – …
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 …
