I caught this article on my Facebook feed, posted by an Aussie friend of mine. It's under the opinions section, but still fairly well-sourced by the OECD, it's a good read all-in-all. A quick excerpt:
It is more related to the UK since it's a UK article, but overall it addresses the same problems we're talking about here in the U.S.A. if you ask me. Income redistribution and how the 1% isn't actually helping the economies that have made them rich as much as has been claimed.
Moderators, if you would like this moved to the Non-USA politics section, please do so....not as if you needed my permission.
Quote:
The sickening theory of laissez-faire capitalism finally died with the recent report from one of the West’s leading think tanks. The Organisation for Economic Co-operation and Development (OECD) has found that income inequality actually hampers economic growth in some of the world’s wealthiest countries, while the redistribution of wealth via taxes and benefits doesn't. In a nutshell: the reality of what creates and reverses growth is the exact opposite of what the current right-wing, neo-liberal agenda has been espousing ever since its rise to power under Thatcher and Reagan in the eighties. Perhaps worst of all, the report showed evidence that the UK would have been 20 per cent better off if the gap between the rich and poor hadn’t widened since the eighties. |
It is more related to the UK since it's a UK article, but overall it addresses the same problems we're talking about here in the U.S.A. if you ask me. Income redistribution and how the 1% isn't actually helping the economies that have made them rich as much as has been claimed.
Moderators, if you would like this moved to the Non-USA politics section, please do so....not as if you needed my permission.
via International Skeptics Forum http://ift.tt/1ALalz8
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