Wealth tax in the U.S reviewed by tomas piketty the author of " the capital in the 21st century"

In a meeting with the French magazine L'Obs, Piketty required a graduated riches duty of 5% on those value 2 million euros or more and up to 90% on those value in excess of 2 billion euros. 

He said per capita salary development was 2.2% per year in the U.S. somewhere in the range of 1950 and 1990. Be that as it may, when the quantity of very rich people detonated during the 1990s and 2000s — developing from around 100 of every 1990 to around 600 today — per capita pay development tumbled to 1.1%. 

While Piketty's arrangements have been famous in the scholarly world and the extreme left, none of his arrangements has been actualized by government officials. Indeed, even France abrogated its riches charge in 2017, saying it debilitated venture. 

Piketty said he has picked up expectation from the presidential crusades of Bernie Sanders and Elizabeth Warren. Warren has proposed a 2% riches duty on those value $50 at least million, while Sanders has proposed boosting bequest charges. 

"Things are beginning to move," Piketty told the magazine. "Bernie Sanders and Elizabeth Warren and the youthful chosen Democrats are continuing the topic of redistribution."