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Ethical and Political Implications of Thomas Piketty's Work on Economic Inequality
Miledova, Linda ; Salamon, Janusz (advisor) ; Benáček, Vladimír (referee)
French Economist Thomas Piketty, through a study of history and empirical data from different cultures and generations, argues that economic inequality, today, is not a natural outcome of the free market but has deeper roots. Piketty, indeed, asserts, through his extensive analysis of political systems and ideologies, that the trajectory of income inequality depends heavily on the power exercised by the state and other politically-motivated groups that aim to execute their personal agendas at the cost of the rest of society, namely, middle and lower classes. A historical and comparative analysis between various nations and how they justified inequalities in their governments shows that these gaps are politically driven. The results of a colonial eras and the wars are pure proof that inequalities are intentional and certain groups make sure that some countries and classes suffer from poverty for further control and power. Piketty claims that this status quo has become unsustainable and that global legislative changes ought to be implemented to reduce the gap between the rich minorities and lower classes. The French author proposes a progressive wealth tax that would impose higher taxes on wealthier individuals with capitals and assets. The revenues from these taxes will be used to better public...
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