20200917

PUP Day 55

 Piketty discusses the need for transparency of wealth so that progressive taxation can be effective. Carbon taxing and co-management of companies is suggested. The temporary ownership of wealth that leads to return of accumulated wealth to the larger society via higher taxes is the main principle. 

Opacity of spending in education is also tackled. Disproportionate state spending on higher education keeps the early drop outs at total disadvantage. Distribution of resources for education must be led by the effort to tackle inequality. 

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