BALTIMORE — Against all odds, Thomas Piketty pocketed a small fortune from the publication of a weighty book about the perils of economic inequality and the necessity of wealth taxes. All of that is intensifying political pressures as the disease increasingly exposes the scope of inequality from the United States to Italy to West Africa. “This is a crisis that illustrates a virulent inequality,” Piketty warns. Economists, including those recently surveyed by the University of Chicago, warn that the outbreak will worsen already high levels of inequality in the United States. Elizabeth Warren and Bernie Sanders, both of whom forcefully advocated for wealth taxes.

Source: Philippine Daily Inquirer April 25, 2020 16:18 UTC