Billionaires hurt growth and should be taxed out of existence, says bestselling French economist

Billionaires hurt growth and should be taxed out of existence, says bestselling French economist

US News Rank

French economist Thomas Piketty poses during a photo session in Paris on September 10, 2019.
Joel Sagat | AFP | Getty Images

A popular French economist says billionaires are harmful to economic growth and would be effectively abolished under his tax plan, according to an interview.
Thomas Piketty, whose 2013 book on inequality, “Capital in the 21st Century,” became a global bestseller and bible…

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