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.
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
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.
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Fanie Haarhoff, Harley Davidson South Africa Dealer Principal.
The Money Show’s Bruce Whitfield interviews Tebogo Mogola, co-founder and Director at Sneaker Exchange Expo.
It just became easier than ever to buy local when shopping online. Bruce Whitfield interviews Proudly SA’s Eustace Mashimbye.
The Money Show’s Bruce Whitfield interviews South African Mint Managing Director Tumi Tsehlo.
The Money Show’s Bruce Whitfield interviews Zodwa Velleman, CEO at the Vapour Product Association of South Africa.
We need a radically different approach to governance, writes University of Pretoria's Lorenzo Fioramonti in Business Day.
Politician Lindiwe Mazibuko, economist Refilwe Moloto, and journalist Rose Rogers have discussed the biggest topics this week.
Activist Mpho Ndaba, software developer Kabelo Thwala and photographer Youri Sunguza reflect on living life as bisexual black men.
Snake handler Willem van Zyk of Blouberg Snake Rescue says he's already being kept busy with callouts.
Deputy editor at Finacial Mail Sikonathi Mantshantsha says it is mind-boggling why no one has been arrested in the VBS saga.
The Cape Town rental market is said to be experiencing a major correction phase after an unjustified period of escalated prices.
Eleven years after murdering her drug addict son, the film about Ellen Pakkies' story is being shown at cinemas across SA.
“Why try and make retirement more palatable? Why not just abolish it completely?” says headhunter Johann Redelinghuys.