“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries” (Winston Churchill)
Thomas Piketty has become a global “rock star” economist following the release of his book “Capital in the Twenty First Century”. In the book he argued that the wealthy are getting wealthier, and to reduce this growing inequality he proposed a global wealth tax.
It is well known that South Africa is one of the most unequal societies in the world and thus there was widespread interest in his opinions on our local inequality.
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