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Wednesday, June 17, 2015

Call For Wealth Redistribution as IMF Study Says Inequality Is Hurting Growth,

IMF Study Says Inequality Is Hurting Growth, Calls For Wealth Redistribution

Snippet of Article: "...The report found that an increase in income among the richest and the poorest affects a country’s overall growth in different ways. “If the income share of the top 20% increases, then GDP growth actually declines over the medium term, suggesting that the benefits do not trickle down. In contrast, an increase in the income share of the bottom 20% is associated with higher GDP growth.” ..."

Reference: www.ibtimes.com

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