ClimateSanity
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If everyone's standard of living rises because of an economic system, why is it intolerable if that same system causes gaps in levels of income? The organization for economic and cooperation (OECD) issued a report with the following quote:
"Fiscal redistribution through taxes and transfers plays a crucial role in containing the impact of market income inequality on disposable income… Policies aimed at promoting growth should consider how growth will have an impact on many other outcomes, and how to ensure that those policies avoid the “grow first, distribute later” assumption that has characterised the economic paradigm until recently. It is now clear that growth strategies need to consider from the outset the way in which their benefits will be distributed to different income groups. … Inequalities tear at the fabric of our societies. Inequality of incomes translates seamlessly into inequality of opportunities for children, including education, health and jobs, and lower future prospects to flourish individually and collectively. …inequalities are reaching a tipping point."
Their goal should be on reducing poverty instead of reducing inequality.
Why is the left so obsessed with inequality?
Here is the link to the story:
https://fee.org/articles/the-oecd-l...?utm_medium=push&utm_source=push_notification
The article is put out by the foundation for economic education....a source of very enlightening information.
"Fiscal redistribution through taxes and transfers plays a crucial role in containing the impact of market income inequality on disposable income… Policies aimed at promoting growth should consider how growth will have an impact on many other outcomes, and how to ensure that those policies avoid the “grow first, distribute later” assumption that has characterised the economic paradigm until recently. It is now clear that growth strategies need to consider from the outset the way in which their benefits will be distributed to different income groups. … Inequalities tear at the fabric of our societies. Inequality of incomes translates seamlessly into inequality of opportunities for children, including education, health and jobs, and lower future prospects to flourish individually and collectively. …inequalities are reaching a tipping point."
Their goal should be on reducing poverty instead of reducing inequality.
Why is the left so obsessed with inequality?
Here is the link to the story:
https://fee.org/articles/the-oecd-l...?utm_medium=push&utm_source=push_notification
The article is put out by the foundation for economic education....a source of very enlightening information.