A global progressive tax on wealth

Mar 6, 20161 like191 views

This document summarizes Thomas Piketty's proposal for a progressive global wealth tax. The key points are: 1. Piketty proposes a wealth tax of 0% on fortunes below 1 million euros, 1% between 1-5 million, and 2% above 5 million. 2. The goal is to address the tendency under capitalism for returns on capital (r) to exceed economic growth (g), leading to increasing inequality over time. 3. A wealth tax could help reduce European debt levels by generating revenue equivalent to 10-20% cuts for wealthy countries. 4. The author argues such a tax is necessary to counteract rising inequality driven by inheritance and returns on large fortunes

A Global, Progressive Tax on
Wealth
By Keir North

Piketty’s Proposal
? 0% on fortunes below 1mill euros
? 1% between 1 and 5 million euros
? 2% above 5 million (higher progressivity may be
desired)
? IMPORTANT; relies on the assumption there would
be the automatic sharing of banking data.
? 2 justifications;
1. To tackle the central contradiction of capitalism
2. European debt crisis.

‘The Central Contradiction of
Capitalism’
? r>g ; a force for divergence
? Where r is the rate of return on capital (wealth) and g is
the growth rate of National Income.
? Wealth accumulated in the past grows faster than output
and wages.
? Especially important because r varies with the size of
initial stake and divergence on a global scale.

The Dynanmics of Inheritence
? Annual Inheritance Flow (as a proportion of
national income)=
? Ratio of Average Wealth at death to Average
Wealth of Living
? Mortality rate
? Capital to Income Ratio
? http://piketty.pse.ens.fr/files/capital21c/en/pdf
/F11.11.pdf

What affects r>g?
? Size of Initial Stake
? Therefore, unequal rates of return
? Entrepreneurs easily turn into rentiers e.g. If top
1/1000th of income hierachy enjoy a 6% ror on
wealth whilst average wealth grows only at 2%,
after 30 years their share of global welath would
increase from 20 to 60%
? In general; Time Preference, precautionary
savings, life cycle effects, social and institutional
framework (e.g.pension schemes)

Owners of Capital
? http://piketty.pse.ens.fr/files/capital21c/en/pdf
/T7.2.pdf
? http://piketty.pse.ens.fr/files/capital21c/en/pdf
/F8.4.pdf
? Two forces determining the importance of
capital in National income;
1. β=s/g ; a long term law
2. α=rxβ (α being share of capital income in
National income)

? http://piketty.pse.ens.fr/files/capital21c/en/pdf
/F6.5.pdf

Main justification for the wealth tax
? Overall cumulated rents become more important
relative to hard work and skills, at the same time
the force for divergence r>g drives inequality
? Therefore a progressive tax on each individual’s
wealth is needed to halt the growth of the
highest fortunes until r g

European debt Crisis
? To reduce EU debt by 20% would require;
1. Either 10% between 1 and 5 mill, and 20% on
>5mill
2. Or original idea over a period of 10 years 1%
between 1 and 5 and 2% on >5
3. Or 20 years of substantial primary
surpluses (budget deficits of 1%) with
2%GDP growth and 0% inflation

Conclusion
? A tax on Wealth is necessary to defeat the central
contradiction of capitalism and tackle the problem
of inequality
? Otherwise, in our low growth societies inheritence
eventually rules supreme despite there being no
‘common utility’ and has nothing to do with the
entrepreneurial spirit.
? Although it is important not to take this idea to
extremes- the creation of profits have been so
instrumental to development.
? Other attempts to deal with inequality may be futile.

This document summarizes the economic impacts of the COVID-19 pandemic. It discusses major declines in global stock markets and crude oil prices. Industries like travel and oil have been hit hard by reduced demand and lockdowns. The pandemic is projected to lead to a global recession and a rise in unemployment. Central banks have cut interest rates in response, but markets remain volatile. Environmental pollution has temporarily decreased due to reductions in industrial activity and travel during widespread lockdowns.

John FitzGerald (formally ESRI) presentation at Post Budget Seminar -18 Octob...NevinInstitute

This document summarizes Ireland's 2018 budget and economic outlook. It notes that the economy continues growing strongly at over 5% annually with steady employment growth and low unemployment. While a neutral budget would be normal, the author argues the budget did not do enough to reduce demand pressures and could have taken more money out of the economy given risks like corporation tax changes after Brexit. The budget prioritized investment increases but may not have targeted education spending effectively. By late 2018 the economy could be at full capacity, requiring fiscal policy to slow growth in Budget 2019.

Marie Sherlock, SIPTU - presentation Post Budget Seminar, 18 Oct 17NevinInstitute

The document summarizes Ireland's 2018 budget. It notes that Ireland is expected to have strong GDP growth in 2017 and unemployment is declining. The budget allocates €1.5 billion, with over half going to health and social welfare. Key measures include tax reductions and increased capital expenditure. There is debate around whether increased infrastructure investment will be sufficient and if the economy risks overheating given strong growth and demand in the construction sector. The summary provides an overview of Ireland's economic outlook and the key priorities and measures in Budget 2018.

ECB vs Fed: Solutions to banking crisiPhilip Corsano

Infrastructure gap in LAC - Gerardo Reyes-Tagle, Inter-American Developent BankOECD Governance

Latvia mail Exchange (latest)Alexander Hurst

Latvia is a country located in Northern Europe with a population of 2.2 million. Its economy relies heavily on exports, which account for over 60% of GDP. During an economic crisis from 2008-2010, Latvia experienced a severe recession with GDP contracting over 10% and unemployment rising to nearly 19%. To recover without devaluing its currency pegged to the euro, Latvia implemented an "internal devaluation" through fiscal austerity, wage cuts, and boosting competitiveness. By focusing on exports and structural reforms, Latvia was able to recover faster than other crisis-hit countries and regain financial stability and investment grade credit ratings.

Dp 2015 59Daniel Dufourt

Ci unit plan power point presentationallman30

This unit plan aims to analyze Shakespeare's play The Tempest with an 11th grade English class over 5 days. The class contains a diverse group of 25 students with different learning styles. They will use lectures, discussions, readings, videos and projects to fully understand the play. Each day focuses on a different part of the play, with associated activities like discussions and writings. On the last day, students will perform their own alternate endings. Technology like PowerPoints, videos and the smartboard will enhance the lessons and projects.

Scan 1Vincent Scala

Ensayo economia de variaciones en actividades de produccioncarlos javier franco mendoza

La producción requiere inversión inicial para obtener ganancias en el futuro. Existen funciones de producción que relacionan los recursos (capital e inversión en educación) y el trabajo con la cantidad máxima producida. La eficiencia se mide comparando la producción obtenida con la utilizada. Los costos incluyen materias primas, mano de obra y mantenimiento, y deben considerarse para fijar precios atractivos. Con un buen producto, personal y estrategia de ventas, es posible tener éxito en la producción y comercialización

Brochure Acqua GroupMatteo Lefebvre

MAPA CONCEPTUALYanier Profe

El documento habla sobre la gestión de proyectos de tecnología educativa. Explica que el rol principal de un profesional en el desarrollo de proyectos es ejecutar actividades administrativas para administrar el tiempo, dinero, personal, materiales y equipos de manera eficiente y productiva para alcanzar los objetivos propuestos. También se?ala que los elementos necesarios para garantizar el ciclo de vida completo de un proyecto son la determinación de las características, las partes interesadas y la estructura de la organización. Además,

Del Tingo Al Tango_ From Here to ThereJasmine Nation

Elena Valdés Chavarría started a summer camp called "Del Tingo al Tango" in ?lamos, Sonora, Mexico to provide educational opportunities for the children. The camp uses hands-on learning and field trips to spark the children's interest in various subjects. Jasmine McBeath, the camp coordinator, hopes the experiences will help the children find their passions and empower them to achieve their dreams. While the camp has relied on community support, supplies and funding remain challenges as the organizers work to expand opportunities for the children in the region.

Rhinoplasty in indoreRaina marmm

археология река Юг 2009Vlad Safianov

silla de trabajo desplazable para un estudiante con movilidad reducidaWilmer Marcano

Developing Breakout Models in FEMAP (Includes Tutorial Walk-throughs)Aswin John

Md.Hasanuzzaman_CV.NMD.HASANUZZAMAN Liton

Md. Hasanuzzaman is seeking a career-oriented position in biomedical engineering. He has a M.Sc. in Applied Physics and Electronic Engineering from University of Rajshahi and over 5 years of experience as a service engineer providing training and support on various biochemistry analyzers and laboratory equipment. He has technical skills in programming languages, networking, and software and has participated in research projects during his studies.

RESUME AKSHAY KR MOHANTYAKSHAY KUMAR MOHANTY

Akshay Kumar Mohanty is an experienced HR professional currently working as Assistant Manager of Group HR at Teracom Limited in Noida, India. He has over 8 years of experience in HR operations including recruitment, payroll administration, performance management, and statutory compliance. Mohanty holds an MBA with a specialization in HR and marketing and is seeking a new challenging role that allows him to be innovative and prove his multi-dimensional skills.

20160118062909955Muziwenkosi Maphanga

Mr. Charles Kangethe cv 2016charles kangethe

Charles Kang'ethe Mbugua has over 7 years of experience in teaching, operations management, and hospitality research. He is currently the Operations Manager at Nairobi Institute of Business Studies, where he helped launch internal broadcast and TV stations for students. Previously he has held roles as a temporary teacher, acting campus principal, and coordinator at various colleges. He has a Bachelor's degree in Home Economics and is pursuing a degree in Human Resource Management.

cv9Brian Lavender

Brian Lavender has over 30 years of experience in the energy industry, currently working as a Senior Authorised Person for Scottish and Southern Energy authorizing work up to 400kV. He has extensive experience working on wind farm projects for Eon and Centrica, as well as in power generation and for distribution network operators. Brian is flexible and can work on-site or remotely. He has qualifications in design engineering, safety, and emergency preparedness and has managed crisis response for Centrica.

"Открой настоящую Данию" - презентация для Посольства ДанииAleksey Zadoiniy

This document describes an event called "Discover Real Denmark" that aims to educate Russians about Danish culture, society, and way of life. The informal event will include presentations and workshops on topics like Danish history, cities, social life, the royal family, festivals, cuisine, and language. It will be held at a Nordic restaurant in Moscow and streamed online. The target audience is Russians aged 20-38 who are interested in learning about Denmark. The organizers are seeking partnership and support to promote the event through social media and online publications.

Videx Case StudyPatrick Kurunwune

Bristol-Myers Squibb originally formulated the HIV drug didanosine in tablet form without enteric coating. This led to side effects like diarrhea and nausea as the drug was degraded in the acidic stomach. To address this, the company conducted a study replacing the tablets with enteric-coated capsules. Participants reported significantly lower severity scores for gastrointestinal symptoms on the enteric-coated formulation. All 42 participants preferred the enteric-coated capsules over the tablets. The reformulation with enteric coating improved tolerability and likely enhanced patient adherence to the drug regimen.

Hero moto corp kmKaveri Khorana

Hero MotoCorp trains new employees on their assembly line production system by having them work alongside experienced employees for several months. They then send these newly trained workers to new factory sites, where they work with long-term employees to continue sharing their knowledge of Hero's unique production methods and quality measures. The company also facilitates knowledge sharing through regular supervisor meetings and large-scale meetings where workers discuss ideas for improvement and implementing solutions. They explicitly document the tasks and processes performed by worker teams to maintain institutional knowledge of their operations.

Germany Presentation on QualityBritney Agustin

This document discusses quality in the healthcare systems of Germany and the United States. It defines healthcare quality and how it is measured, including through quality indicators, checklists, and random checks. Quality assurance organizations and approaches are described and compared for both countries. The document identifies areas for improvement in both systems, such as increasing patient-centeredness and transparency in Germany, and reducing variation and overuse/underuse of services in the US. In conclusion, the document states that quality assurance requires collaboration across healthcare stakeholders and that high structural quality is important for improving outcomes and processes.

David Sykes resume 2016?David Sykes

This document contains the resume of David Sykes, including his contact information, skills and qualifications, and extensive work history in fishing, construction, and recycling industries. Sykes has over 15 years of experience as a deckhand on fishing vessels, and holds certificates in maritime operations, marine radio operation, and shipboard safety. He also has a forklift license and experience in roofing, solar installation, and general labor roles. The resume lists three references to contact for further information.

European Sovereign Debt Crisis Vishwarath Reddy

This document summarizes the key events and factors that led to the European sovereign debt crisis. It explains that the creation of the euro enabled countries like Greece and Ireland to borrow at lower interest rates, fueling private sector borrowing and housing bubbles. When the global financial crisis hit in 2008, it exposed weaknesses in heavily indebted countries and dried up capital flows. This caused banking crises, rising bond yields, and eventual bailouts for Greece, Ireland, Portugal and others as investors grew concerned about their ability to repay debts. Reforms were implemented around fiscal rules and banking regulation, but the crisis highlighted the need for greater fiscal integration or risk of further crises.

External wealth and the long run budget constraintAsusena Tártaros

1) The document discusses external wealth and a country's long-run budget constraint. It defines external wealth as the net assets a country owns abroad minus the foreign assets owned within the country. 2) A country's change in external wealth equals its current account balance plus net factor income from abroad plus capital gains or losses. In the long run, for a small open economy, external wealth must equal zero if all debts are to be paid off. 3) The document provides a two-period example of a country's budget constraint. It shows that a creditor country with positive initial wealth can run trade deficits on average in the future, while a debtor country must run trade surpluses on average.

More Related Content

Viewers also liked (20)

Ci unit plan power point presentationallman30

Scan 1Vincent Scala

Ensayo economia de variaciones en actividades de produccioncarlos javier franco mendoza

Brochure Acqua GroupMatteo Lefebvre

MAPA CONCEPTUALYanier Profe

Del Tingo Al Tango_ From Here to ThereJasmine Nation

Rhinoplasty in indoreRaina marmm

археология река Юг 2009Vlad Safianov

silla de trabajo desplazable para un estudiante con movilidad reducidaWilmer Marcano

Developing Breakout Models in FEMAP (Includes Tutorial Walk-throughs)Aswin John

Md.Hasanuzzaman_CV.NMD.HASANUZZAMAN Liton

RESUME AKSHAY KR MOHANTYAKSHAY KUMAR MOHANTY

20160118062909955Muziwenkosi Maphanga

Mr. Charles Kangethe cv 2016charles kangethe

cv9Brian Lavender

"Открой настоящую Данию" - презентация для Посольства ДанииAleksey Zadoiniy

Videx Case StudyPatrick Kurunwune

Hero moto corp kmKaveri Khorana

Germany Presentation on QualityBritney Agustin

David Sykes resume 2016?David Sykes

Ci unit plan power point presentationallman30

Scan 1Vincent Scala

Ensayo economia de variaciones en actividades de produccioncarlos javier franco mendoza

Brochure Acqua GroupMatteo Lefebvre

MAPA CONCEPTUALYanier Profe

Del Tingo Al Tango_ From Here to ThereJasmine Nation

Rhinoplasty in indoreRaina marmm

археология река Юг 2009Vlad Safianov

silla de trabajo desplazable para un estudiante con movilidad reducidaWilmer Marcano

Developing Breakout Models in FEMAP (Includes Tutorial Walk-throughs)Aswin John

Md.Hasanuzzaman_CV.NMD.HASANUZZAMAN Liton

RESUME AKSHAY KR MOHANTYAKSHAY KUMAR MOHANTY

20160118062909955Muziwenkosi Maphanga

Mr. Charles Kangethe cv 2016charles kangethe

cv9Brian Lavender

"Открой настоящую Данию" - презентация для Посольства ДанииAleksey Zadoiniy

Videx Case StudyPatrick Kurunwune

Hero moto corp kmKaveri Khorana

Germany Presentation on QualityBritney Agustin

David Sykes resume 2016?David Sykes

Similar to A global progressive tax on wealth (20)

European Sovereign Debt Crisis Vishwarath Reddy

External wealth and the long run budget constraintAsusena Tártaros

Dynamics of the Housing Sector in Ireland Tommy Gavin

Quantitative EasingAtif Ghayas

Quantitative easing (QE) is an unconventional monetary policy used by central banks to stimulate the economy by increasing the money supply. It involves flooding financial institutions with capital to promote increased lending and liquidity. The funds are created electronically rather than physically printed. Several central banks, including the Bank of Japan, US Federal Reserve, Bank of England, and European Central Bank engaged in QE programs following the 2008 financial crisis to boost their economies by lowering interest rates and purchasing assets like government bonds. While QE can help stimulate demand, there are also risks like potential impact on savings, pensions, inequality and emerging market economies.

Capital in the 21st Century: a Short Intro to Thomas Piketty's new bookLuca Amorello

USA Crisis & Euro CrisisShubham Bhatia

The document discusses the impact of the USA and European debt crises on the global economy. It provides details on: 1) How the USA debt crisis began in 2001 with interest rate cuts and increased lending, leading to a housing bubble and financial crisis in 2008. This crisis spread globally and contributed to the European debt crisis. 2) How the European debt crisis involved several countries like Greece, Portugal, Ireland, Spain, and Cyprus taking on too much debt and eventually needing bailouts. The crisis threatened the stability of the Eurozone. 3) How both crises led to global economic impacts like recession, falling stock markets, reduced trade and liquidity issues. The European crisis also influenced events like the UK

Greece Economy Meghavi Mehta

The document summarizes Greece's economic crisis. It describes how Greece accumulated high government deficits and debt levels in the decades before the global financial crisis. This left Greece vulnerable when the crisis hit. Greece was bailed out in two packages totaling over $300 billion but had to accept austerity measures. The crisis impacted Greece through high unemployment, declining industrial production, banking troubles, and spillovers to other European and global economies. Reforms have focused on reducing government spending, opening markets, cutting wages and pensions.

SFG Finance Presentation 9/6/12SFGFinance

The document summarizes a finance presentation covering recent news events over the summer and providing a market update. It discusses the ongoing European debt crisis, focusing on issues in Greece involving high debt levels, government overspending, and widespread tax evasion. It also reviews the Knight Capital trading loss, issues with high-frequency trading, and the LIBOR rate-fixing scandal among major banks. The presentation concludes with an update on the SFG Founders Fund mock investment portfolio and openings for new analyst positions.

George Dorgan at CFA SocietyGeorge Dorgan

The document discusses the behavior of the Swiss franc and its long-term global macroeconomic outlook over three parts: 1. It examines the Swiss balance of payments and links between equity investments, microeconomics, and macroeconomics/foreign exchange. Strong current account surpluses should appreciate the franc, but capital account outflows have offset this. 2. It reviews the history of the Bretton Woods system and its breakdown, as well as the rise and potential slow demise of "Bretton Woods II" driven by trends in the US, Europe, and emerging markets. 3. It questions whether the Swiss capital account will continue to neutralize large current account surpluses as portfolio

Martin Weale's discussion of "Fiscal Multipliers and the Home Bias of Public ...ADEMU_Project

This document summarizes Martin Weale's comments on a model examining whether the impact of a budget deficit depends on whether it is financed domestically or abroad. The model shows that with full foreign financing and no reduction in the capital stock, an increase in government spending has no output costs. However, this result disappears once the model accounts for the fact that the marginal product of capital accrued to foreign investors does not benefit the domestic economy. Accounting for country and year fixed effects may also change the results.

What is needed to cleap up the eurozone house - clean-up the banks and restru...Markets Beyond

Abrantes 2014 Piketty, Acemoglu and Portugal's financial crisis v3fMariana Abrantes

Economic outlook 2011 12SarasotaCountyDems

The economic outlook summary is as follows: 1) The US economy has slowed significantly with weak GDP growth and persistently high unemployment. 2) Even the slow recovery is threatened by the ongoing European sovereign debt crisis which could trigger a global recession. 3) Domestic consumption, a major driver of GDP, remains subdued due to high unemployment, income inequality, and households focusing on debt reduction over spending.

Attachment eurozone-crisisjunev22012babyelephent

The document discusses the context of the eurozone crisis, including limits to growth, uneven development between nations, and the growing power of the global financial sector. It argues that the crisis stems from trade imbalances between eurozone countries that could no longer be corrected by devaluing currencies after adopting the euro. Government deficits arose from falling tax revenues during the recession and from bailing out failed banks. Austerity policies have exacerbated the crisis through a "debt deflation spiral," with rating downgrades, higher borrowing costs, and recession reducing tax income and increasing deficits. The European Financial Stability Mechanism loans have reinforced this by requiring further austerity. The ECB's LTRO program provided cheap loans to struggling banks but did not address

Euro crisisSHEKHAR KUSHWAHA

The document discusses the Euro zone crisis that began in 2009. It provides background on the Euro zone, then explains how the global financial crisis that began in 2007 led to a recession in the Euro zone. Greece was most severely impacted, with a large budget deficit, high debt levels exceeding 100% of GDP, and reliance on external aid. Other PIIGS countries (Portugal, Italy, Ireland, Spain) also faced high debt levels and budget issues. The crisis spread uncertainty and economic problems to other European and neighboring countries. Proposed solutions involved international bailouts, government austerity measures, spending cuts, tax increases, and structural economic reforms.

Can we fix it? Solving Britain's housing crisis.ResolutionFoundation

Britain is facing a housing affordability crisis. Housing costs have risen significantly as a proportion of income over time, especially for low to middle income households. This has negative impacts on living standards and inequality. To address the crisis, reforms are needed to both boost housing supply and make housing more affordable. Key reforms proposed include establishing a national land bank to free up more land for development, reforming property taxes to reduce inefficiencies, boosting social housebuilding, incentivizing local authorities to support development, and revising planning rules to streamline the development process.

Greece's race to default and european banks' recapitalizationMarkets Beyond

Das Euro Boot Take Away CopyRobertMcDowell

1. The document discusses the banking crisis in the Eurozone and questions around the €720 billion stabilization fund created by EU leaders. 2. It notes the fund was created hastily without proper structures like a board or bank account and questions if the European Parliament will provide oversight. 3. The document also discusses the "wolf pack" of market speculators betting against Eurozone countries and profiting from declines in their stock markets and currencies. It suggests they may be trying to engineer a break up of the Euro system.

Euro Sovereign Debt CrisisShikher Kaushik

Finance Economics revisited, a primer (abstract) - MaverlinnOlivier Coispeau

European Sovereign Debt Crisis Vishwarath Reddy

External wealth and the long run budget constraintAsusena Tártaros

Dynamics of the Housing Sector in Ireland Tommy Gavin

Quantitative EasingAtif Ghayas

Capital in the 21st Century: a Short Intro to Thomas Piketty's new bookLuca Amorello

USA Crisis & Euro CrisisShubham Bhatia

Greece Economy Meghavi Mehta

SFG Finance Presentation 9/6/12SFGFinance

George Dorgan at CFA SocietyGeorge Dorgan

Martin Weale's discussion of "Fiscal Multipliers and the Home Bias of Public ...ADEMU_Project

What is needed to cleap up the eurozone house - clean-up the banks and restru...Markets Beyond

Abrantes 2014 Piketty, Acemoglu and Portugal's financial crisis v3fMariana Abrantes

Economic outlook 2011 12SarasotaCountyDems

Attachment eurozone-crisisjunev22012babyelephent

Euro crisisSHEKHAR KUSHWAHA

Can we fix it? Solving Britain's housing crisis.ResolutionFoundation

Greece's race to default and european banks' recapitalizationMarkets Beyond

Das Euro Boot Take Away CopyRobertMcDowell

Euro Sovereign Debt CrisisShikher Kaushik

Finance Economics revisited, a primer (abstract) - MaverlinnOlivier Coispeau

Recently uploaded (20)

4 yyyExcept for the maxillary molars, the orifices of the canals lie on a lin...KhalidLafi2

organizational behaviour in management.pptxhoneyredde0606

health care management project presentation .pptxUbaida7

Computerization in Andra Pradesh State Trading Corporation.pptxangelmgrl135

_JoinM2020_FTBEmembers.pptx Website slideFinTech Belgium

PS Assignment 1 for Btech stutents/Enginneringhoneymodder

Business Analysis - Suzlon Energy | NSE:SUZLON | FY2024Business Analysis

Qualitative Fundamental Analysis of Suzlon Energy share for future growth potential (based on the Annual Report FY2024) Get a sense of the Suzlon Energy's business activities, by understanding its values, business and risks. YouTube video: https://youtu.be/_b9Km8N3Y4I -- Disclaimer: We are not SEBI RIAs. This presentation is not an investment advice. It is only for study and reference purposes.

Presentation of gender economis 4.ppintxaafaq2003

"Mutual Fund Scheme Comparison - A Comparative Analysis of Two Small Cap Equi...riyakpatel5571

This presentation provides an in-depth comparative analysis of two small-cap equity mutual funds: HSBC Small Cap Fund and Tata Small Cap Fund. The study evaluates their performance, risk parameters, and investment potential using key financial metrics such as NAV, Standard Deviation, Beta, Sharpe Ratio, and Jensen’s Alpha. Additionally, the presentation highlights the role of SEBI in mutual fund regulation, the selection process for mutual funds, and the benchmark (Nifty Small Cap 250 TRI) used for comparison. Key takeaways from this analysis include: ? Short-term, medium-term, and long-term performance comparisons ? Risk assessment through volatility and risk-adjusted return metrics ? A final recommendation on the better investment option This presentation is useful for investors, finance students, and professionals looking to make informed decisions about investing in small-cap equity mutual funds. ? Ideal for MBA finance students, investment analysts, and mutual fund enthusiasts! ? Watch the full presentation and enhance your investment knowledge! #MutualFunds #Finance #Investment #EquitySchemes #EquitySmallCapFunds #SmallCapFunds #TataSmallCapFund #HSBCSmallCapFund #MutualFundAnalysis #FinancialManagement #StockMarket #MBAFinance

process costing.pptx for MBA and PGDM StudentsInnovation-The Business School

Kieso Chapter 02 Intermediate Accounting.pptxNandya11

GST chapter 1_ PPT (1).pdf law and practiceApoorvaSGowda

The Ultimate Guide for Easy and Effective Content Creation 2025.pdfNirahealthy

Chapter 1: Understanding Content Creation in 2025 Definition of Content Creation Content creation is the process of generating ideas, crafting messages, and producing materials that engage and inform an audience. It encompasses a wide range of formats, including blog posts, videos, podcasts, infographics, and more. Types of Content Written Content: Blogs, articles, eBooks, and social media posts. Visual Content: Images, infographics, videos, and animations. Audio Content: Podcasts, audiobooks, and voiceovers. Interactive Content: Quizzes, polls, AR/VR experiences, and gamified content. The Role of AI and Automation AI and automation are revolutionizing content creation by streamlining processes, enhancing creativity, and enabling personalization at scale. Tools like ChatGPT and Jasper are helping creators generate ideas, write copy, and even edit content in minutes. Trends Shaping Content Creation in 2025 "Personalization: Crafting content that aligns with individual preferences and behaviors." "Short-Form Content: Revolutionized by platforms like TikTok, Instagram Reels, and YouTube Shorts, which dominate social media engagement." Immersive Experiences: AR/VR and interactive content gaining traction. Sustainability: Eco-friendly and ethical content practices. Chapter 2: Setting Goals for Your Content Why Goal-Setting is Crucial Without clear goals, content creation can feel aimless and ineffective. Goals provide direction, help measure success, and ensure your efforts align with your overall objectives. Types of Goals Brand Awareness: Increasing visibility and recognition. Lead Generation: Attracting potential customers. Engagement: Building relationships with your audience. Conversions: Driving sales or other desired actions. Aligning Content Goals with Business Objectives "Align your content goals to directly drive and support your core business objectives.". For example, if your goal is to increase sales, focus on creating content that highlights your products and includes strong CTAs. Tools for Tracking and Measuring Performance Google Analytics HubSpot SEMrush Hootsuite ? Click here to get "Content Creation" from official website Chapter 3: Tools and Technologies for Easy Content Creation AI-Powered Content Creation Tools ChatGPT: For generating ideas and writing copy. Jasper: For creating blog posts and marketing materials. Canva: For designing visuals and graphics. Video and Audio Editing Software Adobe Premiere Pro: For professional video editing. Audacity: For audio editing and podcast production. InVideo: For beginner-friendly video creation. Platforms for Automating Content Distribution Buffer: For scheduling social media posts. Mailchimp: For email marketing automation. Hootsuite: For managing multiple social media accounts. Emerging Technologies AR/VR: For creating immersive experiences. AI-Generated Visuals: Tools like DALL·E for generating unique images.

An Analysis of Pre and Post Indian Budgets 2025.pptxdineshs391542

Financial Leadership Redefined: Nadia Dawed’s Success StoryNadia Dawed

一比一原版加拿大谢尔丹学院毕业证（厂丑别谤颈诲补苍毕业证书）如何办理taqyed

在线快速补办加拿大本科毕业证、硕士文凭证书，购买加拿大学位证【q薇1954292140】谢尔丹学院Offer，加拿大大学文凭在线购买。高仿真还原加拿大文凭证书和外壳，定制加拿大谢尔丹学院成绩单和信封。办本科成绩单Sheridan毕业证【q薇1954292140】办理加拿大谢尔丹学院毕业证(Sheridan毕业证书)【q薇1954292140】学历证书谢尔丹学院offer/学位证在线办理文凭、留信官方学历认证（永久存档真实可查）采用学校原版纸张、特殊工艺完全按照原版一比一制作。帮你解决谢尔丹学院学历学位认证难题。定制成绩单GPA加拿大文凭购买，加拿大文凭定制，加拿大谢尔丹学院文凭补办【q薇1954292140】专业在线定制加拿大大学文凭学历证书申请，定做加拿大本科文凭，【q薇1954292140】复制加拿大Sheridan College completion letter。如果您在英、加、美、澳、欧洲等留学过程中或回国后： 1、在校期间因各种原因未能顺利毕业《Sheridan成绩单工艺详解》【Q/WeChat：1954292140】《Buy Sheridan College Transcript快速办理谢尔丹学院教育部学历认证书毕业文凭证书》，拿不到官方毕业证； 2、面对父母的压力，希望尽快拿到； 3、不清楚认证流程以及材料该如何准备； 4、回国时间很长，忘记办理； 5、回国马上就要找工作《正式成绩单谢尔丹学院成绩单详解细节》【q薇1954292140】《办理成绩单Sheridan买毕业证费用及流程》办给用人单位看；　　 6、企事业单位必须要求办理的； 7、需要报考公务员、购买免税车、落转户口、申请留学生创业基金。加拿大文凭谢尔丹学院成绩单，Sheridan毕业证【q薇1954292140】办理加拿大谢尔丹学院毕业证(Sheridan毕业证书)【q薇1954292140】学位证书购买最佳渠道谢尔丹学院offer/学位证在线制作硕士文凭、留信官方学历认证（永久存档真实可查）采用学校原版纸张、特殊工艺完全按照原版一比一制作。帮你解决谢尔丹学院学历学位认证难题。【q薇1954292140】办理谢尔丹学院毕业证(Sheridan毕业证书)成绩单英文版【q薇1954292140】谢尔丹学院offer/学位证、留信官方学历认证（永久存档真实可查）采用学校原版纸张、特殊工艺完全按照原版一比一制作加拿大谢尔丹学院毕业证(Sheridan毕业证书)在线办理文凭特殊原因导致无法毕业，也可以联系我们帮您办理相关材料：１：在谢尔丹学院挂科了，不想读了，成绩不理想怎么办？？？ 2：打算回国了，找工作的时候，需要提供认证《Sheridan成绩单购买办理谢尔丹学院毕业证书范本》【Q/WeChat：1954292140】Buy Sheridan College Diploma《正式成绩单论文没过》有文凭却得不到认证。又该怎么办？？？加拿大毕业证购买，加拿大文凭购买， 3：回国了找工作没有谢尔丹学院文凭怎么办？有本科却要求硕士又怎么办？帮您解决在加拿大谢尔丹学院未毕业难题（Sheridan College）文凭购买、毕业证购买、大学文凭购买、大学毕业证购买、买文凭、日韩文凭、英国大学文凭、美国大学文凭、澳洲大学文凭、加拿大大学文凭（q薇1954292140）新加坡大学文凭、新西兰大学文凭、爱尔兰文凭、西班牙文凭、德国文凭、教育部认证，买毕业证，毕业证购买，买大学文凭，购买日韩毕业证、英国大学毕业证、美国大学毕业证、澳洲大学毕业证、加拿大大学毕业证（q薇1954292140）新加坡大学毕业证、新西兰大学毕业证、爱尔兰毕业证、西班牙毕业证、德国毕业证，回国证明，留信网认证，留信认证办理，学历认证。从而完成就业。主营项目： 1、真实教育部国外学历学位认证《加拿大毕业文凭证书快速办理谢尔丹学院研究生学历信息》【q薇1954292140】《论文没过谢尔丹学院正式成绩单》，教育部存档，教育部留服网站100%可查. 2、办理Sheridan毕业证，改成绩单《Sheridan毕业证明办理谢尔丹学院办学历认证》【Q/WeChat：1954292140】Buy Sheridan College Certificates《正式成绩单论文没过》，谢尔丹学院Offer、在读证明、学生卡、信封、证明信等全套材料，从防伪到印刷，从水印到钢印烫金，高精仿度跟学校原版100%相同. 3、真实使馆认证（即留学人员回国证明），使馆存档可通过大使馆查询确认. 4、留信网认证，国家专业人才认证中心颁发入库证书，留信网存档可查. 《谢尔丹学院2025年新版学位证书加拿大毕业证书办理Sheridan定制成绩单》【q薇1954292140】学位证1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。 2025年新版学历认证证书加拿大文凭谢尔丹学院成绩单【q薇1954292140】复刻成绩单加拿大谢尔丹学院毕业证(Sheridan毕业证书)学位证书成绩单代办服务谢尔丹学院毕业证办理，办文凭加拿大谢尔丹学院文凭办理，加拿大谢尔丹学院成绩单办理和真实留信认证、留服认证、谢尔丹学院学历认证。学院文凭定制，谢尔丹学院原版文凭补办，扫描件文凭定做，100%文凭复刻。【q薇1954292140】Buy Sheridan College Diploma购买美国毕业证，购买英国毕业证，购买澳洲毕业证，购买加拿大毕业证，以及德国毕业证，购买法国毕业证（q薇1954292140）购买荷兰毕业证、购买瑞士毕业证、购买日本毕业证、购买韩国毕业证、购买新西兰毕业证、购买新加坡毕业证、购买西班牙毕业证、购买马来西亚毕业证等。包括了本科毕业证，硕士毕业证。留信认证的作用： 1. 身份认证：留信认证可以证明你的留学经历是真实的，且你获得的学历或学位是正规且经过认证的。这对于一些用人单位来说，尤其是对留学经历有高度要求的公司（如跨国公司或国内高端公司），这是非常重要的一个凭证。专业评定：留信认证不仅认证你的学位证书，还会对你的所学专业进行评定。这有助于展示你的学术背景，特别是对于国内公司而言，能够清楚了解你所学专业的水平和价值。国家人才库入库：认证后，你的信息将被纳入国家人才库，并且可以在国家人才网等平台上展示，供包括500强公司等大型公司挑选和聘用人才。这对于回国找工作特别是进入大公司，具有非常积极的作用。 2. 留信认证对就业的好处提高竞争力：通过留信认证，尤其是对你所学专业的认证，可以大大提高你在国内求职时的竞争力。许多公司对留学生背景和所学专业有很高的要求，认证后的信息能够帮助公司快速识别符合条件的候选人。增强信任度：公司往往会对没有认证的学历背景产生疑虑，而留信认证为你的学历背景提供了第三方权威机构的背书，增强了雇主的信任。

Energy Efficient Banking Dr. Salem Baidas

THSYU Launches Innovative Cryptocurrency Platform: A New Era of Secure and Ef...Google

THSYU, a trailblazer in the global cryptocurrency trading landscape, is thrilled to announce the launch of its cutting-edge trading platform. This innovative platform is meticulously designed to provide secure, efficient, and user-friendly trading solutions. With this development, THSYU solidifies its position in the competitive cryptocurrency market while demonstrating its commitment to leveraging advanced technology for the protection of user assets.

Adoption of SAP Ariba by Large Corporations.docxJacek Pakula

SSON Report Webinar Recap - Auxis WebinarAuxis Consulting & Outsourcing

4 yyyExcept for the maxillary molars, the orifices of the canals lie on a lin...KhalidLafi2

organizational behaviour in management.pptxhoneyredde0606

health care management project presentation .pptxUbaida7

Computerization in Andra Pradesh State Trading Corporation.pptxangelmgrl135

_JoinM2020_FTBEmembers.pptx Website slideFinTech Belgium

PS Assignment 1 for Btech stutents/Enginneringhoneymodder

Business Analysis - Suzlon Energy | NSE:SUZLON | FY2024Business Analysis

Presentation of gender economis 4.ppintxaafaq2003

"Mutual Fund Scheme Comparison - A Comparative Analysis of Two Small Cap Equi...riyakpatel5571

process costing.pptx for MBA and PGDM StudentsInnovation-The Business School

Kieso Chapter 02 Intermediate Accounting.pptxNandya11

GST chapter 1_ PPT (1).pdf law and practiceApoorvaSGowda

The Ultimate Guide for Easy and Effective Content Creation 2025.pdfNirahealthy

An Analysis of Pre and Post Indian Budgets 2025.pptxdineshs391542

Financial Leadership Redefined: Nadia Dawed’s Success StoryNadia Dawed

一比一原版加拿大谢尔丹学院毕业证（厂丑别谤颈诲补苍毕业证书）如何办理taqyed

Energy Efficient Banking Dr. Salem Baidas

THSYU Launches Innovative Cryptocurrency Platform: A New Era of Secure and Ef...Google

Adoption of SAP Ariba by Large Corporations.docxJacek Pakula

SSON Report Webinar Recap - Auxis WebinarAuxis Consulting & Outsourcing

A global progressive tax on wealth

1. A Global, Progressive Tax on Wealth By Keir North

2. Piketty’s Proposal ? 0% on fortunes below 1mill euros ? 1% between 1 and 5 million euros ? 2% above 5 million (higher progressivity may be desired) ? IMPORTANT; relies on the assumption there would be the automatic sharing of banking data. ? 2 justifications; 1. To tackle the central contradiction of capitalism 2. European debt crisis.

3. ‘The Central Contradiction of Capitalism’ ? r>g ; a force for divergence ? Where r is the rate of return on capital (wealth) and g is the growth rate of National Income. ? Wealth accumulated in the past grows faster than output and wages. ? Especially important because r varies with the size of initial stake and divergence on a global scale.

5. The Dynanmics of Inheritence ? Annual Inheritance Flow (as a proportion of national income)= ? Ratio of Average Wealth at death to Average Wealth of Living ? Mortality rate ? Capital to Income Ratio ? http://piketty.pse.ens.fr/files/capital21c/en/pdf /F11.11.pdf

6. What affects r>g? ? Size of Initial Stake ? Therefore, unequal rates of return ? Entrepreneurs easily turn into rentiers e.g. If top 1/1000th of income hierachy enjoy a 6% ror on wealth whilst average wealth grows only at 2%, after 30 years their share of global welath would increase from 20 to 60% ? In general; Time Preference, precautionary savings, life cycle effects, social and institutional framework (e.g.pension schemes)

8. Owners of Capital ? http://piketty.pse.ens.fr/files/capital21c/en/pdf /T7.2.pdf ? http://piketty.pse.ens.fr/files/capital21c/en/pdf /F8.4.pdf ? Two forces determining the importance of capital in National income; 1. β=s/g ; a long term law 2. α=rxβ (α being share of capital income in National income)

9. ? http://piketty.pse.ens.fr/files/capital21c/en/pdf /F6.5.pdf

10. Main justification for the wealth tax ? Overall cumulated rents become more important relative to hard work and skills, at the same time the force for divergence r>g drives inequality ? Therefore a progressive tax on each individual’s wealth is needed to halt the growth of the highest fortunes until r g

12. European debt Crisis ? To reduce EU debt by 20% would require; 1. Either 10% between 1 and 5 mill, and 20% on >5mill 2. Or original idea over a period of 10 years 1% between 1 and 5 and 2% on >5 3. Or 20 years of substantial primary surpluses (budget deficits of 1%) with 2%GDP growth and 0% inflation

13. Conclusion ? A tax on Wealth is necessary to defeat the central contradiction of capitalism and tackle the problem of inequality ? Otherwise, in our low growth societies inheritence eventually rules supreme despite there being no ‘common utility’ and has nothing to do with the entrepreneurial spirit. ? Although it is important not to take this idea to extremes- the creation of profits have been so instrumental to development. ? Other attempts to deal with inequality may be futile.

狠狠撸

A global progressive tax on wealth

Recommended

More Related Content

Viewers also liked (20)

Similar to A global progressive tax on wealth (20)

Recently uploaded (20)

A global progressive tax on wealth