A Quote by Thomas Piketty

When inequality gets to an extreme, it is completely useless for growth.

Thomas Piketty

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Extreme Gets Growth Inequality Useless

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Thomas Piketty
French - Economist
Born: May 7, 1971

When inequality gets too extreme, then it becomes useless for growth, and it can even become bad because it tends to lead to high perpetuation of inequality over time and low mobility.

Thomas Piketty

You need some inequality to grow... but extreme inequality is not only useless but can be harmful to growth because it reduces mobility and can lead to political capture of our democratic institutions.

Thomas Piketty

I think inequality is fine, as long as it is in the common interest. The problem is when it gets so extreme, when it becomes excessive.

Thomas Piketty

What is different between national inequality and global inequality is you have another element there that is sometimes forgotten: what matters for global inequality is relative growth rates between poor and rich countries.

Branko Milanovic

We must fight inequality and poverty if we want to re-establish peace and security. Seven million Mexicans live in extreme poverty, which is why I have launched a crusade against hunger. We also have to improve our educational system and stimulate economic growth.

Enrique Pena Nieto

Rising inequality is toxic to growth. High levels of inequality exclude people - both as innovators and customers - diminishing both innovation and demand.

Nick Hanauer

True education makes for inequality; the inequality of individuality, the inequality of success, the glorious inequality of talent, of genius.

Felix Schelling

Studying English was useless, completely useless. It took me years to recover from that. Every time I tried to write, it sounded like a bad university essay.

Nick Hornby

I was at the World Bank and a commission reviewed our work on inequality for the U.S. Congress or somebody, and the head of the commission said to us: "You are spending taxpayer money to study issues like inequality? Which goes directly against capitalism and growth." That was the perception, that it should not be studied.

Branko Milanovic

Democrats like Hillary Clinton and Bernie Sanders want to raise taxes on the rich, saying it will solve inequality. It won't. All that will do is significantly reduce incentives to work, save, and invest. But I say inequality is not the problem. The problem is a lack of growth.

Lawrence Kudlow

I have always had an extreme sensitivity to inequality.

Agnes Gund

Extreme inequality is no temporary blip. It is hard-wired into our economies.

Winnie Byanyima

It was shameful that, after Haiti, Colombia was the second most unequal country in Latin America. But we've achieved some things; the inequality is coming down, and coming down fast. The growing economy has provided us with the funds to finance a very progressive social policy that has reduced extreme poverty. We have the lowest inflation rate of all Latin-America countries and the highest growth rate.

Juan Manuel Santos

Inequality hardens society into a class system. Inequality divides us from one another... Inequality undermines democracy.

George Packer

Art must be unaesthetic in the extreme, useless and impossible to justify.

Francis Picabia

The art of splitting hairs four ways. This is the department of useless techniques. Mechanical Avunculogratulation, for example, is how to build machines for greeting uncles. We're not sure, though, if Pylocatabasis belongs, since it's the art of being saved by a hair. Somehow that doesn't seem completely useless.

Umberto Eco

A Quote by Thomas Piketty

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