Public Capital in the 21st Century

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Series Details No.2, November 2014
Publication Date November 2014
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The increase of income and wealth concentration threatens the European project of a good society. Capital taxation alone cannot stop this process, but a combination of moderately higher capital taxes and a novel role of public capital will do. The governance of public capital requires carefully designed institutions: a sovereign wealth fund and a special public investment agency called Federal Shareholder.

This first Research Essay written by economist Giacomo Corneo is published in cooperation with the Free University Berlin and the Friedrich-Ebert-Stiftung London. It offers a fresh new look on inequality and proposes new mechanisms for how governments can deal with this pressing issue.

Source Link Link to Main Source http://www.social-europe.eu/wp-content/uploads/2014/11/RE2-Corneo.pdf
Related Links
Social Europe Journal, 19.11.14: A Sovereign Wealth Fund For The Eurozone? http://www.social-europe.eu/2014/11/sovereign-wealth-fund-eurozone/

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