Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

169

François Hollande, a New Roosevelt for Europe?

May 8, 2012

0
terms
1
notes

written right after Hollande was elected (when he was still seen as a candidate for change). so idealistic

Piketty, T. (2016). François Hollande, a New Roosevelt for Europe?. In Piketty, T. Why Save the Bankers?: And Other Essays on Our Economic and Political Crisis. Houghton Mifflin Harcourt, pp. 169-174

170

[...] When he became president in 1933, Roosevelt knew precisely nothing about the policies he would adopt. But he did know that the Depression and austerity were bringing America to its knees, that the state had to assert control over a financial capitalism gone mad. Today, in 2012, four years after the onset of the 2008 world financial crisis, Hollande finds himself in exactly the same situation. When he started his campaign he didn’t know he would end up proposing a 75 percent tax on incomes higher than €1 million. But he quickly came to the same conclusion as Roosevelt: taxes are the only weapon that can put a stop to the insane explosion of very high pay.

—p.170 by Thomas Piketty 4 years, 4 months ago

[...] When he became president in 1933, Roosevelt knew precisely nothing about the policies he would adopt. But he did know that the Depression and austerity were bringing America to its knees, that the state had to assert control over a financial capitalism gone mad. Today, in 2012, four years after the onset of the 2008 world financial crisis, Hollande finds himself in exactly the same situation. When he started his campaign he didn’t know he would end up proposing a 75 percent tax on incomes higher than €1 million. But he quickly came to the same conclusion as Roosevelt: taxes are the only weapon that can put a stop to the insane explosion of very high pay.

—p.170 by Thomas Piketty 4 years, 4 months ago