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Let's see...the productive craftsman-class, formerly the Middle Class, is taxed into penury - both from direct and consumption taxes, and from the hidden taxes of currency debasement and of the money-changer class receiving the seigniorage of newly-created fiat. This new wealth, competing to buy real property as investments, coupled to banks subsidized to make low-cost or zero-interest LOANS for speculative real-estate purchases, have priced the craftsman-class out of home ownership.'People are so disgusted' - Economist Thomas Piketty on why we need a wealth tax
Dec 10, 2025
Economist Thomas Piketty says people are getting 'disgusted' with wealth inequality and governments need to overcome their fears to adopt a wealth tax.
Piketty spoke to Channel 4 News Economics Correspondent Helia Ebrahimi ahead of the release of the World Inequality Report, which he helped coordinate.
10:21
Simple way to deal with this, is to get the Seigniorage Class off the government teat.![]()
Elon Musk and the trillionaire class test democracy's limits
The one-person, one-vote principle never accounted for billionaires, let alone trillionaires.www.salon.com