Top 120 Thomas Piketty Quotes (2024 Update)
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Thomas Piketty Quote: “Modern redistribution, as exemplified by the social states constructed by the wealthy countries in the twentieth century, is based on a set of fundamental social rights: to education, health, and retirement.”

101. “Modern redistribution, as exemplified by the social states constructed by the wealthy countries in the twentieth century, is based on a set of fundamental social rights: to education, health, and retirement.”

— Thomas Piketty

Thomas Piketty Quote: “In the first place, just as income tax returns allow us to study changes in income inequality, estate tax returns enable us to study changes in the inequality of wealth.”

102. “In the first place, just as income tax returns allow us to study changes in income inequality, estate tax returns enable us to study changes in the inequality of wealth.”

— Thomas Piketty

Thomas Piketty Quote: “It is much too soon to warn readers that by 2050 they may be paying rent to the emir of Qatar. I will consider the matter in due course, and my answer will be more nuanced, albeit only moderately reassuring.”

103. “It is much too soon to warn readers that by 2050 they may be paying rent to the emir of Qatar. I will consider the matter in due course, and my answer will be more nuanced, albeit only moderately reassuring.”

— Thomas Piketty

Thomas Piketty Quote: “To sum up: modern growth, which is based on the growth of productivity and the diffusion of knowledge, has made it possible to avoid the apocalypse predicted by Marx and to balance the process of capital accumulation.”

104. “To sum up: modern growth, which is based on the growth of productivity and the diffusion of knowledge, has made it possible to avoid the apocalypse predicted by Marx and to balance the process of capital accumulation.”

— Thomas Piketty

Thomas Piketty Quote: “In other words, the equilibrium between the two groups is almost completely reversed.”

105. “In other words, the equilibrium between the two groups is almost completely reversed.”

— Thomas Piketty

Thomas Piketty Quote: “For individuals whose only capital is a small balance in a checking account, the return is negative, because such balances yield no interest and are eaten away by inflation. Savings accounts often yield little more than the inflation rate.”

106. “For individuals whose only capital is a small balance in a checking account, the return is negative, because such balances yield no interest and are eaten away by inflation. Savings accounts often yield little more than the inflation rate.”

— Thomas Piketty

Thomas Piketty Quote: “The main forces for convergence are the diffusion of knowledge and investment in training and skills.”

107. “The main forces for convergence are the diffusion of knowledge and investment in training and skills.”

— Thomas Piketty

Thomas Piketty Quote: “Without a radical shock, it seems fairly likely that the current equilibrium will persist for quite some time.”

108. “Without a radical shock, it seems fairly likely that the current equilibrium will persist for quite some time.”

— Thomas Piketty

Thomas Piketty Quote: “Income inequality increased quite sharply in the United States during the 1920s, however, peaking on the eve of the 1929 crash with more than 50 percent of national income going to the top decile –.”

109. “Income inequality increased quite sharply in the United States during the 1920s, however, peaking on the eve of the 1929 crash with more than 50 percent of national income going to the top decile –.”

— Thomas Piketty

Thomas Piketty Quote: “I want to be clear that at this stage I am not making a judgment about whether a society of this kind really deserves to be characterized as “hypermeritocratic.” It is hardly surprising that the winners in such a society would wish to describe the social hierarchy in this way, and sometimes they succeed in convincing some of the losers.”

110. “I want to be clear that at this stage I am not making a judgment about whether a society of this kind really deserves to be characterized as “hypermeritocratic.” It is hardly surprising that the winners in such a society would wish to describe the social hierarchy in this way, and sometimes they succeed in convincing some of the losers.”

— Thomas Piketty

Thomas Piketty Quote: “A tax on capital would promote the general interest over private interests while preserving economic openness and the forces of competition.”

111. “A tax on capital would promote the general interest over private interests while preserving economic openness and the forces of competition.”

— Thomas Piketty

Thomas Piketty Quote: “For a fair proportion of Americans in the bottom 50 percent of the income distribution, these inequalities are of secondary importance for the very simple reason that they were born in a less wealthy country and see themselves as being on an upward trajectory.”

112. “For a fair proportion of Americans in the bottom 50 percent of the income distribution, these inequalities are of secondary importance for the very simple reason that they were born in a less wealthy country and see themselves as being on an upward trajectory.”

— Thomas Piketty

Thomas Piketty Quote: “I loved American universities. In many ways, they are better organized – certainly than French universities.”

113. “I loved American universities. In many ways, they are better organized – certainly than French universities.”

— Thomas Piketty

Thomas Piketty Quote: “A stunning new phenomenon emerged in France in the 1990s: the very top salaries, and especially the pay packages awarded to the top executives of the largest companies and financial firms, reached astonishing heights – somewhat.”

114. “A stunning new phenomenon emerged in France in the 1990s: the very top salaries, and especially the pay packages awarded to the top executives of the largest companies and financial firms, reached astonishing heights – somewhat.”

— Thomas Piketty

Thomas Piketty Quote: “We find the same pattern in virtually every region of the world: the identity cleavage deepened and conflicts over boundaries intensified while the wealth cleavage weakened and criticism of wealth became muted.”

115. “We find the same pattern in virtually every region of the world: the identity cleavage deepened and conflicts over boundaries intensified while the wealth cleavage weakened and criticism of wealth became muted.”

— Thomas Piketty

Thomas Piketty Quote: “It has become commonplace to say that the current capitalist system has no future, as it deepens inequalities and exhausts the planet. This is not false, except that in the absence of a clearly explained alternative, the current system still has many days ahead of it.”

116. “It has become commonplace to say that the current capitalist system has no future, as it deepens inequalities and exhausts the planet. This is not false, except that in the absence of a clearly explained alternative, the current system still has many days ahead of it.”

— Thomas Piketty

Thomas Piketty Quote: “Consider, for example, the unrivaled ability of the United States to impose staggering sanctions on foreign firms as well as dissuasive commercial and financial embargoes on governments deemed to be insufficiently cooperative – an ability not unrelated to US global military dominance.”

117. “Consider, for example, the unrivaled ability of the United States to impose staggering sanctions on foreign firms as well as dissuasive commercial and financial embargoes on governments deemed to be insufficiently cooperative – an ability not unrelated to US global military dominance.”

— Thomas Piketty

Thomas Piketty Quote: “We will have to construct new norms of social, educational, fiscal, and climate justice through democratic discussion. These.”

118. “We will have to construct new norms of social, educational, fiscal, and climate justice through democratic discussion. These.”

— Thomas Piketty

119. “In practice, the term “populism” has become the ultimate weapon in the hands of the objectively privileged social classes, a means to dismiss out of hand any criticism of their preferred political choices and policies. Gone is the need for any debate about novel social and fiscal arrangements or alternative ways of organizing globalization. It is enough to brand dissenters as “populists” to end all discussion with a clear conscience and foreclose debate.”

— Thomas Piketty

Thomas Piketty Quote: “We should not overestimate the extent of the diffusion of ownership that has taken place over the past two centuries: the egalitarian ownership society – or even, more modestly, a society in which the poorest half of the population owns more than a token share of the wealth – has yet to be invented.”

120. “We should not overestimate the extent of the diffusion of ownership that has taken place over the past two centuries: the egalitarian ownership society – or even, more modestly, a society in which the poorest half of the population owns more than a token share of the wealth – has yet to be invented.”

— Thomas Piketty

Thomas Piketty Quote: “Goldin and Katz have no doubt that increased wage inequality in the United States is due to a failure to invest sufficiently in higher education. More precisely, too many people failed to receive the necessary training, in part because families could not afford the high cost of tuition. In order to reverse this trend, they conclude, the United States should invest heavily in education so that as many people as possible can attend college.”

121. “Goldin and Katz have no doubt that increased wage inequality in the United States is due to a failure to invest sufficiently in higher education. More precisely, too many people failed to receive the necessary training, in part because families could not afford the high cost of tuition. In order to reverse this trend, they conclude, the United States should invest heavily in education so that as many people as possible can attend college.”

— Thomas Piketty

Thomas Piketty Quote: “The most striking fact is no doubt that in all these societies, half of the population own virtually nothing: the poorest 50 percent invariably own less than 10 percent of national wealth, and generally less than 5 percent.”

122. “The most striking fact is no doubt that in all these societies, half of the population own virtually nothing: the poorest 50 percent invariably own less than 10 percent of national wealth, and generally less than 5 percent.”

— Thomas Piketty

Thomas Piketty Quote: “The problem is that in the absence of adequate international cooperation, Greece obviously has no way to levy a just and efficient tax on its own, since the wealthiest Greeks can easily move their money abroad, often to other European countries.”

123. “The problem is that in the absence of adequate international cooperation, Greece obviously has no way to levy a just and efficient tax on its own, since the wealthiest Greeks can easily move their money abroad, often to other European countries.”

— Thomas Piketty

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