“…Secondly, and in addition to these measures, Piketty sketches two other forms of progressive taxation: an inheritance tax and an income tax. This triptych of progressive taxation -on property, inheritance, and income -mainly aims to finance and put in place a system of capital endowments (see Ackerman and Alstott, 1999) which should be paid to all young adults (say, at the age of 25), with the result of disseminating ownership at the bottom while limiting its concentration at the top (Piketty, 2020, p. 983). The idea is to design a progressive tax structure that does not disincentivize work, innovation, and productivity while, at the same time, avoiding wealth and income accumulation on the top levels; a sort of step-by-step progressive taxation system that reaches the marginal tax rates of 80% or 90% only for the positions at the very top (Piketty, 2020, p. 985).…”