Piketty, whose recent book “Capital in the 21st Century” extensively discussed the issue, explained why he believes the GOP isn’t “really serious” about addressing income inequality.
“There’s a lot of hypocrisy in this conservative rhetoric about the skill gap and education gap,” Piketty said. “If they are really serious about the skill gap and the education gap, then they cannot at the same time cut tax on the rich.”
Piketty also specifically criticised the education policy of former Florida Gov. Jeb Bush (R). The economist argued that, by focusing on school choice as a solution for improving the education system, Bush won’t be improving schools for the “bottom social groups.”
“From what I can see, he doesn’t want to invest more resources into education. He just wants more competition, more voucher system. … There’s limited evidence that this is working,” Piketty said of Bush. “I think, most of all, what we need is to put more public resources into the education system. … If we want to have more growth in the structure and more equitable growth in the structure, we need to put more resources into the education available for the bottom fifty per cent, or bottom eighty per cent of Americans.”
Watch Piketty’s full interview with Ball below.
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