The Science Of ...

‘Smart redistribution’ can make life better for everyone (including The Rich)

There is so much scientific evidence that inequality is detrimental to everyone!

Lorenzo Fioramonti, University of Pretoria

Out of self-interest the wealthy people in South Africa should be the first to demand smart redistribution.

Lorenzo Fioramonti, University of Pretoria

I propose a system of taxation where taxpayers know fully where the money goes, and even decide where it goes.

Lorenzo Fioramonti, University of Pretoria

It’s hard to have a rational discussion about redistribution in South Africa.

So says Lorenzo Fioramonti, Professor of Political Economy and Director of the Centre for the Study of Governance Innovation at University of Pretoria.

More often than not, frank debate is tainted by ideology, political score settling and, perhaps, a bit of racism.

If we are serious about building a bright future for South Africa, says Fioramonti, we need to bridge cultural and ideological divides.

The Money Show’s Bruce Whitfield interviewed Fioramonti for his weekly “The Science Of” feature.

Fioramonti spoke about “smart redistribution”.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

‘Redistribution’ shouldn’t be a swearword.

Lorenzo Fioramonti, University of Pretoria

BEE had a good objective, but it didn’t change the structure of the economy.

Lorenzo Fioramonti, University of Pretoria

You can redistribute wealth, income and opportunities.

Lorenzo Fioramonti, University of Pretoria

Redistributing opportunities means changing the structure of the economy.

Lorenzo Fioramonti, University of Pretoria

We need an economy that incentivises small and medium enterprises.

Lorenzo Fioramonti, University of Pretoria

The future is about economies that can generate as many jobs as possible… Big industries are no longer able to do that.

Lorenzo Fioramonti, University of Pretoria

The economy is completely tilted towards large conglomerates.

Lorenzo Fioramonti, University of Pretoria

During the Great Depression the capitalist US government introduced a 90% top income bracket tax rate.

Lorenzo Fioramonti, University of Pretoria

We need full cost accounting…

Lorenzo Fioramonti, University of Pretoria

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Tax Ombud fights Sars on your behalf (send a complaint, it's free)

Tax Ombud fights Sars on your behalf (send a complaint, it's free)

Bruce Whitfield interviews Tax Ombud Judge Bernard Ngoepe.

The story of pulp and paper company Sappi (employer of 12 800)

The story of pulp and paper company Sappi (employer of 12 800)

The Money Show’s Bruce Whitfield interviews Steve Binnie, CEO of the world’s largest producer of dissolving wood pulp.

Private equity (and mergers & acquisitions) in SA explained in simple terms

Private equity (and mergers & acquisitions) in SA explained in simple terms

The Money Show’s Bruce Whitfield interviews Bowmans Law Head of Private Equity John Bellew.

The story of amaBhungane (and how it’s digging up dung on the Guptas & friends)

The story of amaBhungane (and how it’s digging up dung on the Guptas & friends)

The Money Show’s Bruce Whitfield interviews amaBhungane Centre for Investigative Journalism Investigative Journalist Craig McKune.

Springboks and Bafana Bafana got you down? Watch eSports! It's (way) more fun…

Springboks and Bafana Bafana got you down? Watch eSports! It's (way) more fun…

Bruce Whitfield interviews Gareth Woods from Good Game Well Played and Nick Holden of African Cyber Gaming League.

‘We must rethink economics, build a new social contract’

‘We must rethink economics, build a new social contract’

We need a radically different approach to governance, writes University of Pretoria's Lorenzo Fioramonti in Business Day.

Popular articles
Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

The Money Show’s Bruce Whitfield interviews Adams about his attitude to money (hopes and fears, successes and failures, etc.).

Eusebius Opinion: "Let go Kevin Pietersen, you do not own the school"

Eusebius Opinion: "Let go Kevin Pietersen, you do not own the school"

McKaiser responds to former SA, now England cricketer Pietersen's comments over Maritzburg College pupils holding EFF t-shirts.

Twitter is gobsmacked as Nigeria honours Jacob Zuma with bronze statue and road

Twitter is gobsmacked as Nigeria honours Jacob Zuma with bronze statue and road

During Zuma's visit to Nigeria, the Governor of the Imo State in Nigeria, Mr Owelle Okorocha, conferred an Imo Merit Award on him.

Minister Lynne Brown's partner scored R1.2 million contracts with Eskom

Minister Lynne Brown's partner scored R1.2 million contracts with Eskom

Sikonathi Mantshantsha says this revelation explains why Brown was reluctant to take any action against Eskom executives.

KZN school ordered to stop action against students with EFF shirts

KZN school ordered to stop action against students with EFF shirts

A letter has been addressed to the Maritzburg College principal after an image of the boys went viral last week.

Kloof Street residents living in fear as crime multiplies

Kloof Street residents living in fear as crime multiplies

A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.