Joseph Stiglitz called for the world’s highest earners to hand 70% of their income over to the government Nobel prize-winning economist Joseph Stiglitz has called for world leaders to impose a tax rate of 70% on their wealthiest citizens, and to take a cut of inherited fortunes. Stiglitz claimed that most of the planet’s billionaires are rich simply “out of luck.” Such a high rate of taxation “would clearly make sense,” he recently told Oxfam’s ‘Equals’ podcast. “People at the top might work a little bit less if you tax them more. But on the other hand, our society gains in having a more egalitarian, cohesive soc
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