The Colbert Report Season 9 Episode 229 Thomas Piketty

Thomas Piketty, a renowned French economist and author of the best-selling book "Capital in the Twenty-First Century," appears on The Colbert Report season 9 episode 229. The episode begins with Colbert introducing Piketty and discussing his book, which provides an in-depth analysis of income inequality and wealth distribution in various countries throughout history.

Throughout the episode, Colbert and Piketty engage in a lively discussion about economic issues, including Piketty's proposed global tax on wealth. Colbert challenges some of Piketty's ideas, such as his assertion that capitalism inherently leads to increasing inequality, while also expressing his admiration for Piketty's work and his belief that wealth inequality is a growing problem in the United States.

Piketty explains his theory that the rate of return on capital tends to exceed the rate of economic growth over time, leading to the accumulation of wealth in the hands of a few. He argues that this trend can only be reversed through government intervention, including progressive taxation and a tax on wealth, which Piketty proposes should be as high as 10% annually for those with assets over 1 billion euros.

The conversation also touches on Piketty's research into historical data on income and wealth distribution, which shows that inequality was at its lowest in the mid-20th century and has been steadily increasing since then.

Colbert keeps the conversation light and humorous, with jokes and quips throughout the interview, while still delving into the serious economic issues at hand. He also touches on contemporary topics such as the 2016 presidential election, and how candidates are addressing issues of income inequality.

Overall, the episode provides an engaging and accessible discussion of Piketty's work and its implications for economic policy, while also entertaining viewers with Colbert's signature wit and charm.