OK, the book was published in 2013, but I do not expect many people to read its around 1000 pages by the next two days. This book describes and quantifies the increasing inequalities at the national and international level in the XXI century and makes a number of proposals to reduce them. The most important of these proposals is a progressive global tax on capital. This is a useful utopia that could be applied today in the European Union and perhaps in the future extended at the global level. Of course, it is something that needs new accompanying institutions, especially a more integrated and democratic Europe that leaves behind the old nation states. The book is also a call for a better economics, more integrated with other social sciences, especially history and political science. It has an excellent accompanying web page and should be read by any economist or student of economics, especially those that think that the market is the solution to anything, or those that think that solutions can be found at the national level.
It is in opposition to a progressive tax, which takes a larger percentage from high-income earners.
ReplyDeleteTax specialist in Manchester