Having a decent share of the national wealth for the middle class is not bad for growth. It is actually useful both for equity and efficiency reasons.

Next quotes

• Thomas Piketty:

  'Das Kapital,' I think, is very difficult to read, and for me, it was not very influential.

• Thomas Piketty:

  The United States could transform its property tax system into a progressive tax on net worth witho

• Thomas Piketty:

  I loved American universities. In many ways, they are better organized - certainly than French univ

• Thomas Piketty:

  Economists tend to think they are much, much smarter than historians, than everybody. And this is a

• Thomas Piketty:

  The U.S. is the country that invented progressive taxation of income and of inherited wealth in the

• Thomas Piketty:

  Capitalism and market forces are very powerful in producing wealth and innovation. But we need to e

• Thomas Piketty:

  We want capitalism and market forces to be the slave of democracy rather than the opposite.

• Thomas Piketty:

  Market forces and capitalism by themselves aren't sufficient to ensure the common good and to limit

• Thomas Piketty:

  Once constituted, capital reproduces itself faster than output increases. The past devours the futu

• Thomas Piketty:

  I'm not as pessimistic as what a number of people seem to believe.