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University of California professor Emmanuel Saez, Thomas Piketty of the Paris School of Economics, and Stefanie Stantcheva of the MIT Department of Economics, carefully taking into account the incentive effects of higher taxation and the societal benefits of reducing inequality, have estimated that the tax rate at the top should be around 70 percent-what it was before President Reagan started his campaign for the rich.68 But"

( Joseph E. Stiglitz )
[ The Price of Inequality: How ]
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