Today, I attended a talk by the French economist, Thomas Piketty. Piketty has looked at wealth and capital distribution throughout history across the world. In short, wealth distribution is highly skewed towards the top 10 and 1 percent at record high proportions. Piketty argued that this trend is unsustainable and fundamental changes have to be made. What those changes are, are up to debate (he advocates proportional tax rate).
Event Description: French economist, Thomas Piketty, will share his views on wealth and income inequality, focusing on how the distribution of wealth has changed over the past 250 years. Piketty is the author the 2014 best seller Capital in the Twenty-First Century, which Paul Krugman called “the most important economics book of the year - and maybe of the decade.”