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Thomas Piketty, Gabriel Zucman The proposal of wealth taxation is coming back, in response to rising public debts and to the increase in inequality in Western countries, following the work by Piketty and Zucman (2014). Studies (Knoll et al. 2014, Bonnet et al. 2014) have made the three striking observations: The housing component of national private wealth is explained by the spectacular rise of wealth relative to national income in several countries. Housing wealth as the sum of two elements – structures and developed land – is mostly driven by the rise in housing prices. Rising land val...

17 reasons growth is about to soar The past year has been terrible on nearly every level, but it’s easy to see the potential for the economy to burst out of the gate like an Olympic sprinter. Neil Irwin Save Share The 21st-century economy has been a two-decade series of punches in the gut. The century began in economic triumphalism in the US, with a sense that business cycles had been vanquished and prosperity secured for a blindingly bright future. Instead, a mild recession was followed by a weak recovery followed by a financial crisis followed by another weak recovery followed by a pan...

Image The 21st-century economy has been a two-decade series of punches in the gut. The century began in economic triumphalism in the United States, with a sense that business cycles had been vanquished and prosperity secured for a blindingly bright future. Instead, a mild recession was followed by a weak recovery followed by a financial crisis followed by another weak recovery followed by a pandemic-induced collapse. A couple of good years right before the pandemic aside, it has been two decades of overwhelming inequality and underwhelming growth — an economy in which a persistently weak jo...

Economists concerned about slowing productivity have spent the past decade hotly debating the value of free digital services such as Google’s web search and Amazon’s online store. But those online services have proven their worth during

You wouldn't be able to video chat with loved ones, work from home effectively or order toilet paper to be delivered to your front door.