Wealth
Redistribution Is Necessary
It's
about more than fairness, in fact, fairness is of secondary
importance. Redistribution is an economic imperative directly tied to
nation growth as represented by gross domestic product (GDP). GDP
defined: (consumer
spending,
investment
spending,
government
spending)
The Economist published
this observation in its 12/13/14 edition:
The
OECD* assessed the effects of inequality
on
economic growth, finding that it has a statistically significant
negative impact. It reckoned, for example, that income inequality
knocked ten percentage points off cumulative GDP growth in Mexico
between 1990 and 2010, nine points off Britain’s growth and up to
seven points off America’s. Redistributive polices do not hinder
growth, it argued, as long as they are targeted effectively,
specifically at education.
*Organisation
for Economic Co-operation and Development
is
an international
economic
organization
of
34 countries founded in 1961 to stimulate economic progress and world
trade.
Posted
by Paul Hunter
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