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The Moral Importance of Redistribution
The panelists will answer questions from the audience. Moderator, Paragat, if you have a buddy, I'll remind you to ask him when he does. Mr. Cappelman: My view is that there's a considerable amount of clutch in all of these programs. They badly need reform. We're talking five trillion dollars a year here. Is that enough? Or do you think it should be more? Jean Epstein: The most effective welfare program to avoid creating perverse incentives and the most successful of the lot is the earned income tax credit.