Economist Thomas Piketty Feels The Bern.
Economist Thomas Piketty Feels The Bern.
Source: HuffPost
Bernie Sanders is the great hope for America's economic future, according to French economist Thomas Piketty.
In his latest weekly column, Piketty wrote that the Vermont senator's campaign represents a turning point in the country. "e are witnessing the end of the politico-ideological cycle opened by the victory of Ronald Reagan at the 1980 elections," he wrote in a piece that appeared in French in Le Monde earlier this week and in English in the Guardian on Tuesday.
The French rockstar economist is the author of Capital in the Twenty-First Century, which showed that global income inequality has gotten much, much worse in the 36 years since Ronald Reagan was first elected. Piketty's life's work is about showing how low tax rates on the rich, particularly in the United States, exacerbate inequality for those of us below the top 1 percent, or even 0.1 percent, of earners.
Read more: http://www.huffingtonpost.com/entry/thomas-piketty-bernie-sanders_us_56c36eb3e4b0c3c55052cbc9
