wealth

For centuries, Britain stood as a magnet for global wealth. London’s financial markets, trusted legal system, and cosmopolitan culture attracted the world’s wealthy, fueling investment, innovation, and growth. But that…

WP 2023-02. Executive Summary We designed a Survey Experiment (SE) to study the attitudes of the Italians towards wealth, income and consumptions taxes. In particular, we interviewed a sample of…

Attacks against wealthy people are still going on in spite of the fact the Welfare-State is plundering taxpayers. In a recently published book, sociologists – I should say ideologists – Michel and Monique Pionçon-Charlot are criticizing those they call “deliquents”. No, wealthy people are not offenders or delinquent. They are above all those who create jobs.

Advocates of redistribution often reckon that soaking the rich would eliminate poverty. Consider the following: the 10 largest fortunes in France amount to 14 per cent of GDP, or 272 billion euros. If we imagine a one-off redistribution of this wealth to the 8.2 officially poor, the sum awarded to each would be some 33,000 euros. Not bad, but certainly not enough to retire on.