Chuck Colins — Nit-Picking Piketty

Conservative economists tried to embarrass Thomas Piketty at the American Economic Association annual meeting in Boston. They ended up embarrassing only themselves.…

Piketty’s one poke back at the nitpickers came in response to their unanimous support for a progressive consumption tax as an alternative to any other progressive income or wealth tax. “We know something about billionaire consumption,” Piketty observed, “but it is hard to measure some of it. Some billionaires are consuming politicians, others consume reporters, and some consume academics.”

Perfect response.

Inequality
Nit-Picking Piketty
Chuck Collins |  senior scholar at the Institute for Policy Studies (IPS) and directs IPS's Program on Inequality and the Common Good
h/t David Ruccio