September 16, 2014

A Fiscal Revolution

Excerpt below from Capital in the Twenty-First Century by Thomas Piketty, published by The Belknap Press of Harvard University Press, 2014:

Taxation is not a technical matter. It is preeminently a political and philosophical issue, perhaps the most important of all political issues. Without taxes, society has no common destiny, and collective action is impossible. This has always been true. At the heart of every major political upheaval lies a fiscal revolution. ...

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