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.
702 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 702 community a safe and welcoming space for all.
702 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.
702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.
Read More
Bruce Whitfield interviews The Loerie Awards CEO Andrew Human about the science of creativity and the creative economy.
The Money Show’s Bruce Whitfield interviews Jan-Adriaan du Plessis, Associate Director of Strategy and Operations at Deloitte.
The Money Show’s Bruce Whitfield interviews board game junky and famed speaker Richard Mulholland.
EQ will soon be one among the most sought-after attributes required of jobseekers. Refilwe Moloto interviews Joni Peddie.
The Money Show’s Bruce Whitfield interviews Charles de Wet, partner at PwC.
We need a radically different approach to governance, writes University of Pretoria's Lorenzo Fioramonti in Business Day.
Popular articles
Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.
Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.
Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.
Zuma says he cannot be expected to act against Minister Bathabile Dlamini on social grants matter now before the ConCourt.
Deputy President Cyril Ramaphosa announced that the minimum wage of R20 per hour is expected to be implemented by May 2018.
The EFF lawyer stole the show during the state capture report court battle.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...