To address this problem Piketty proposes redistribution through a progressive global tax on wealth. The book argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, and that this will cause wealth inequality to increase in the future. Piketty is the author of the best-selling book Capital in the Twenty-First Century (2013), which emphasises the themes of his work on wealth concentrations and distribution over the past 250 years.

He is a professor at the School for Advanced Studies in the Social Sciences (EHESS), associate chair at the Paris School of Economics and Centennial professor at the International Inequalities Institute, which is part of the London School of Economics (LSE). The idea is to use a progressive tax on wealth in order to finance a capital transfer to every young adult at the age of 25. Thomas Piketty is a French economist whose work focuses on wealth and income inequality. Our nation’s capital, the satire argued, is filled with neither dedicated public servants nor savvy political operators, but bumbling sycophants whose self-importance far outstrips their actual. Wealth taxes should go up to 90% for the richest people and no company shareholder may possess more than 10% of voting rights. For instance, ‘Inheritance for all’ would grant all French citizens 120.000 euros at the age of 25. The book includes proposals which some may find radical. He shows how inequality has evolved from Europe to India and from medieval times to the present day. Capital and Ideology is a different kind of book. In his latest book, Capital and Ideology, he adds a political analysis on the causes of inequality and the rise of populism. Six years after his best seller book Capital in the 21st century, economist Thomas Piketty has expanded his work on wealth inequality.

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