Monday, 26 May 2014

Inequality - Facts and Causes

The recent debate about rising inequality is welcome. But even more welcome would be substantive suggestions about possible solutions. The old ideological divide (should taxes be higher or should there be more 'free market' economics) will not do. What is really needed is an investigation of many policy measures that set the rules for the way business is conducted under the present economic framework. To mention just the most obvious ones: ownership of businesses, inheritance taxes, copyright protection, fair taxation, access to education, design of welfare system.

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