Pikketty believes in introducing tax for the wealthy bracket (1%) to reduce inequality. However many policy makers disagree with this proposal. Explain why this is and implore model such as solow and any other you may think is necessary.
1. For this question apply solow growth model. China’s ambition towards becoming a developed country in the next decade is threatened by an aging population, high debt levels, slowing down in productivity growth thus the goal of achieving annual growth of 4% need to reach it’s ambitious goal, as suggested by studies is impossible as […]