Posts Tagged ‘Thomas piketty’
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In this quote, Thomas Piketty is suggesting that the United States could reform its property tax system to make it more progressive by taxing wealthier individuals at higher rates based on their total net worth.
Currently, property taxes in the US are mostly local and tend to be regressive, impacting lower-income individuals more. Piketty argues the US does not need other countries’ approval to make its own tax system more equitable.