“The words, ‘Brilliant!’ ‘Ground-breaking!’ and ‘Visionary!’  will no doubt be seen in many reviews of Mr. Piketty’s book.  He recommends: Uniform global taxation; Confiscatory tax on inherited wealth; 15% tax on capital; 80% tax on annual incomes over US$500,000; Enforced transparency on all bank transactions; Overt use of inflation to redistribute wealth downwards.  Why didn’t anyone else think of this brilliant plan?  Well actually, they did. In fact, the above is essentially the shopping list of the IMF, the EU, the OECD and, in fact, many of the governments that make up what was formerly described as ‘the free world.'”

http://www.internationalman.com/articles/the-successor-to-keynes

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