Wealth
in sentence
3143 examples of Wealth in a sentence
We need a global registry of financial assets, more coordination on
wealth
taxation, and even
wealth
tax with a small tax rate will be a way to produce information so that then we can adapt our policies to whatever we observe.
Now, there are other ways to redistribute wealth, which it can be tempting to use.
But this is not a very efficient way to organize a regulation of
wealth
dynamics.
Thomas, I want to ask you two or three questions, because it's impressive how you're in command of your data, of course, but basically what you suggest is growing
wealth
concentration is kind of a natural tendency of capitalism, and if we leave it to its own devices, it may threaten the system itself, so you're suggesting that we need to act to implement policies that redistribute wealth, including the ones we just saw: progressive taxation, etc.
Thomas Piketty: Well, you know, I think if you look back through time, the history of income,
wealth
and taxation is full of surprise.
And for instance, the kind of
wealth
concentrations that we had in the 19th century and pretty much until World War I in every European country was, I think, not useful for growth.
Having a decent share of the national
wealth
for the middle class is not bad for growth.
Let me say that if I was to rewrite the book today, I would actually conclude that the rise in
wealth
inequality, particularly in the United States, has been actually higher than what I report in my book.
There is a recent study by Saez and Zucman showing, with new data which I didn't have at the time of the book, that
wealth
concentration in the U.S. has risen even more than what I report.
In fact, I certainly agree that there is not enough transparency about
wealth
dynamics, and a good way to have better data would be to have a
wealth
tax with a small tax rate to begin with so that we can all agree about this important evolution and adapt our policies to whatever we observe.
And lastly, perhaps most importantly, cities, with the incredible
wealth
of relations that they enable, could be the ideal places for human happiness to flourish.
It's in the middle of Silicon Valley, the epicenter of innovation and
wealth
creation.
What I'm asking you to consider is what kind of opportunity- makers we might become, because more than
wealth
or fancy titles or a lot of contacts, it's our capacity to connect around each other's better side and bring it out.
So you can see, though, that the tensions that we've heard about in San Francisco in terms of people being concerned about gentrification and all the new tech companies that are bringing new
wealth
and settlement into the city are real, and you can actually see that documented here.
The form of
wealth
in those days was enough food to stay alive.
And again, we have no way of knowing, but it's clear that a new form of
wealth
must have emerged.
And again, new forms of
wealth
emerged.
I simply want you to keep in mind that if in the past, new forms of cooperation enabled by new technologies create new forms of wealth, we may be moving into yet another economic form that is significantly different from previous ones.
What forms of suffering could be alleviated, what forms of
wealth
could be created if we knew a little bit more about cooperation?
Technology and innovation behaves a lot like
wealth
and capital.
We hope to aid this fight for economic freedom by building world-class businesses, creating indigenous wealth, providing jobs that we so desperately need, and hopefully helping achieve this.
As it turned out, the
wealth
of information provided by ImageNet was a perfect match to a particular class of machine learning algorithms called convolutional neural network, pioneered by Kunihiko Fukushima, Geoff Hinton, and Yann LeCun back in the 1970s and '80s.
And so that some of my
wealth
does go back to the industry from which it stems, I've also founded the Oxford Internet Institute and other IT ventures.
The World Bank estimates that if we have a worldwide flu epidemic, global
wealth
will go down by over three trillion dollars and we'd have millions and millions of deaths.
And then I asked you to tell me how much
wealth
do you think is concentrated in each of those buckets.
So to make it simpler, imagine I ask you to tell me, how much
wealth
do you think is concentrated in the bottom two buckets, the bottom 40 percent?
They think that the bottom 20 percent has about 2.9 percent of the wealth, the next group has 6.4, so together it's slightly more than nine.
The next group, they say, has 12 percent, 20 percent, and the richest 20 percent, people think has 58 percent of the
wealth.
The bottom 20 percent has 0.1 percent of the
wealth.
The next 20 percent has 0.2 percent of the
wealth.
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