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RE No. 2: Public Capital in the 21st Century

By Giacomo Corneo

RE No. 2: Public Capital in the 21st Century
  • Publisher: Social Europe
  • Available in: PDF
  • Published: 20th November 2014
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Giacomo Corneo

Giacomo Corneo

Abstract

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.

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