I don't think there is any serious evidence that we need to be paying people more than 100 times the average wage in order to get high-performing managers.
Thomas PikettyWithout precisely defined sources, methods, and concepts, it is possible to see absolutely everything and its opposite.
Thomas PikettyIt's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth.
Thomas PikettyThe U.S. is the country that invented progressive taxation of income and of inherited wealth in the 1910s and 20s.
Thomas PikettyWhen the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.
Thomas Piketty