It's time to increase taxes on the rich
"The west's leading economic thinktank", the Organisation for Economic Co-operation and Development has produced a report on inequality.
The report says that rising inequality causes lower growth in an economy.
Rising inequality is estimated to have reduced growth by:
More than 10% in Mexico and New Zealand.
Nearly 9% in the UK, Finland and Norway.
Between 6% and 7% in the United States, Italy and Sweden.
OECD secretary-general Angel Gurría
The OECD proposes higher taxes on the rich and policies aimed at increasing the wealth of the bottom 40% of the population.
Reagan and Thatcher supported 'trickle-down economics', the crazy idea that ordinary people would benefit from weakening trade unions and making bankers richer.
The OECD report shows that:
1. "Income inequality has a sizeable and ... negative impact on growth."
2. "Inequality ... hampers growth."
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OECD secretary-general Angel Gurría
The report shows that the UK economy would have been more than 20% bigger had the gap between rich and poor not widened since the 1980s.
The OECD proposes higher taxes on the rich and policies aimed at increasing the wealth of the bottom 40% of the population.
Reagan and Thatcher supported 'trickle-down economics', the crazy idea that ordinary people would benefit from weakening trade unions and making bankers richer.
The OECD report shows that:
1. "Income inequality has a sizeable and ... negative impact on growth."
2. "Inequality ... hampers growth."
comments (1103)
PLEASE - if you are leaving a comment on this post, make sure it is relevant to the content of the post.
http://www.globalresearch.ca/a-timeline-of-cia-atrocities/5348804
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They're not looking for growth..neo-liberal policies were intended as a transfer of resources from the sovereign nation to the private corporation...it's not necessarily about making bankers(Jewish Zionists) rich..it's always been about obtaining complete power by making everyone else poor...and thus exploitable..
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Seconding Steve Button above, the world is run by people who think that the global population needs to be thinned down by six billion or so. Growth is the last thing they want. If anything they'd be gunning for the precise opposite of growth, with stealing our money standing as a means and an end.
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It is nice to see that Nobody is still alive.
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