A Quote by Thomas Piketty

When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.

Thomas Piketty

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Again Arbitrary Automatically Based Capital Capitalism Century Democratic Did First Growth Income Likely Nineteenth Century Output Quite Radically Rate Return Seems Societies Twenty Undermine Unsustainable Values Which

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Thomas Piketty
French - Economist
Born: May 7, 1971

The biggest revenue target is the preferential rate for long-term capital gains, which raises a perennial question: Why should capital income be taxed at a much lower rate than ordinary income? Capital assets are owned overwhelmingly by the rich.

James B. Stewart

The zero-income-tax-rate states have far faster growth in tax revenues than did the states with highest income tax rate over this period.

Arthur Laffer

I don't pretend that I can predict the future value of the growth rate or rate of return.

Thomas Piketty

I once did something right. I played first-rate basketball. I really did. And after you're first-rate at something, no matter what, it kind of takes the kick out of being second-rate.

John Updike

The data does not support that high-income tax cuts are the main drivers of growth, so I don't think that uncertainty over what the tax rate will be for someone that makes a million dollars a year has that big an impact on the economic growth rate in the country.

Austan Goolsbee

If you look at the performance of the zero-income-tax-rate states and the highest-income-tax-rate states, I believe a large amount of their difference is due to taxes. Not only is it true of the last decade, but I took these numbers back 50 years. And, there's not one year in the last 50 where the zero-income-tax-rate states have not outperformed the highest-income-tax-rate states.

Arthur Laffer

If you go to a second-rate place, and you are first-rate, it is very difficult to do first-rate work because you do not get that critical feedback you need for first-rate work on a daily basis.

Venkatraman Ramakrishnan

I'm afraid I am a bit of a technophobe - a nineteenth-century man caught in the twenty-first century. But there is one piece of technology that I would especially welcome: a device to automatically balance restaurant tables on all four legs so that they don't rock back and forth.

Leonard Susskind

Lobbyists know that a 0 percent tax rate on capital income is not, in fact, the lowest possible rate. There can be negative tax rates. There can be subsidies. There can be allowances for depreciation. Lobbyists are adaptive creatures.

Joel Achenbach

There is no room in music for the second-rate - it might just as well be the nineteenth-rate.

Gustav Holst

The rate of human invention is faster, and the rate of cultural loss is slower, in areas occupied by many competing societies with many individuals and in contact with societies elsewhere.

Jared Diamond

The discounting presumably is to be done for each period of time at that rate of interest which represents the alternative cost of employing capital in the occupation in question; that is, at the rate which the entrepreneur could obtain in other investments

Kenneth E. Boulding

The qualities of a second-rate writer can easily be defined, but a first-rate writer can only be experienced. It is just the thing in him which escapes analysis that makes him first-rate.

Willa Cather

I was chairman of the steering committee for agriculture when we set up the target of 4% growth rate. I had written that if you want to achieve 4% growth rate in agriculture, you should have 8% growth in animal husbandry and fisheries and 8% in horticulture.

M. S. Swaminathan

The rate of growth of the relevant population is much greater than the rate of growth in funds, though funds have gone up very nicely. But we have been producing students at a rapid rate; they're competing for funds and therefore they're more frustrated. I think there's a certain sense of weariness in the intellectual realm, it's not in any way peculiar to economics, it's a general proposition.

Kenneth Arrow

In China, it was always said that a double-digit rate of growth would be dangerous. Now, the country has a growth rate of 6.9 percent and suddenly that is supposed to be a catastrophe for the global economy.

Wolfgang Schauble

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