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Thomas Piketty's latest book Capital suggests that the source of inequality in the past century was the growth of capital gain. In theory we know

Thomas Piketty's latest book "Capital" suggests that the source of inequality in the past century was the growth of capital gain.

  1. In theory we know there exists a trade-off between efficiency and equity. Why do we value income equality?
  2. If income equality is an intangible good pursued as the goal of society, how do we balance the potential cost of this pursuit?

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