Global Wealth Tax and Discontents Reflection on Piketty Tax

Global wealth tax as it speaks for itself illustrates that a tax on the wealth accumulated by an individual all around the world should be taxed at a progressive rate. The question that needs to be proponed upon is why such a tax is being proposed? What solution does it provide? Whether the solutions provided are full proof? Piketty has based his study upon evidences from history and has done analysis on the trends depicted in UK, US and European continent. This paper while describing the problems that Piketty tries to solve by Global wealth tax, elucidates the flaws in the premises of Piketty’s work.