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Just a clarification : when Piketty talks of r, it is pre-tax.
That does not mean that tax levels would not have any effect on r, but you can imagine a situation with a high pre-tax r, yet no increase in inequality thanks to taxes -in fact, that is precisely what he would like to achieve, while acknowledging that at world level it is at present a utopia.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Mon Jun 2nd, 2014 at 10:34:17 AM EST
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