Piketty proposed a wealth tax and minimum wage to tackle extreme SA inequality


FILE. Fashionable French economist Thomas Piketty, whose book about the causes and remedies of inequality, Capital in the 21st Century, has become a best seller, is in South Africa to give a series of lectures and talks. Photo: Justin Sullivan/Getty Images

JOHANNESBURG – The fashionable French economist Thomas Piketty has proposed an annual, low-rate wealth tax and a minimum wage to start correcting the “disturbing” rise in inequality in South Africa since the end of apartheid.

The top ten percent of South Africans now earn 60 to 65 percent of total income, Piketty said in Johannesburg this week. That […]