Comments on: The Piketty pessimist http://blogs.reuters.com/felix-salmon/2014/04/25/the-piketty-pessimist/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: dajobr http://blogs.reuters.com/felix-salmon/2014/04/25/the-piketty-pessimist/comment-page-1/#comment-49970 Wed, 18 Jun 2014 17:58:57 +0000 https://blogs.reuters.com/felix-salmon/?p=23377#comment-49970 “so long as everybody plays by the rules”

but the rules are rigged

]]>
By: kgasmart http://blogs.reuters.com/felix-salmon/2014/04/25/the-piketty-pessimist/comment-page-1/#comment-49832 Tue, 29 Apr 2014 16:22:11 +0000 https://blogs.reuters.com/felix-salmon/?p=23377#comment-49832 Felix, it may be natural but how is it sustainable, outside of the use of force? More and more of the plebes will certainly get restive as they watch their own standard of living fall while the super-wealthy just pile more on.

]]>
By: 248TaxPlan http://blogs.reuters.com/felix-salmon/2014/04/25/the-piketty-pessimist/comment-page-1/#comment-49831 Mon, 28 Apr 2014 15:35:59 +0000 https://blogs.reuters.com/felix-salmon/?p=23377#comment-49831 A capital (net wealth) tax can take many forms. The best lowers taxes on the poor and middle class without soaking the rich – because it is optional. Piketty had never considered this option but the trendy Davos crowd should.

Consider a U.S. option to pay a 2% net wealth tax (excluding $15,000 cash and $500,000 retirement savings) combined with an 8% income tax and no payroll, capital gains, inheritance or gift taxes. It would be a very good deal for all but a few ultra wealthy but they should be allowed to pay a flat 26% of income and estate taxes later if they feel the rates of the poor and middle class would be too much.

The best business tax reform would be an 8% C corporation rate combined with a 4% VAT. Tax expenditures are not needed with low rates. Deferrals on the repatriation of $2 trillion in foreign profits would end with the 8% rate.

The elimination of payroll taxes would also create full employment as Bill Gates said last month at the AEI. Full employment and not a penny more in taxes or spending – something worth considering. It is called the 2-4-8 Tax Plan.

]]>
By: Missinginaction http://blogs.reuters.com/felix-salmon/2014/04/25/the-piketty-pessimist/comment-page-1/#comment-49830 Mon, 28 Apr 2014 09:43:49 +0000 https://blogs.reuters.com/felix-salmon/?p=23377#comment-49830 Hope you see this Felix. Good luck in your new adventure. I enjoyed reading you over the years and will miss your column.

]]>
By: PerKurowski http://blogs.reuters.com/felix-salmon/2014/04/25/the-piketty-pessimist/comment-page-1/#comment-49828 Sat, 26 Apr 2014 22:12:14 +0000 https://blogs.reuters.com/felix-salmon/?p=23377#comment-49828 Could Thomas Piketty, with his “Capital” wealth tax on the 1%, unwittingly be working big time for the 0.01% Oligarchs and Plutocrats?
http://teawithft.blogspot.com/2014/04/is -thomas-piketty-with-his-capital.html

]]>