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How Piketty's research shaped wealth gap debate

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WASHINGTON (AP) — French economist Thomas Piketty and his research partners have transformed the wealth gap debate by popularizing the concept of a financially elite 1 percent. They framed the issue of income inequality in terms that ordinary people could grasp. Using tax records, they drilled into how much money it took to belong to the 1 percent and what share of personal income this group...

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