Born in 1962, I have reached an age where I am frequently bemused by the failure of governments around the world to tackle the issue of income inequality. How can it be that since the mid-1980s, the top 1% of income earners have got wealthier whilst those at the bottom have got poorer? A recent Oxfam … Continue reading Why is global income inequality such an important issue?
For many people the region known as Scandinavia seems to be a role model for economic opportunity and equality and the term, ‘The Nordic Model’, has been coined to capture its unique combination of market capitalism and social benefits. The Nordic cluster – Denmark, Norway, Sweden and Finland – are at the top of the … Continue reading DO THE SCANDANAVIAN COUNTRIES STILL HAVE THE LOWEST INCOME INEQUALITY AND ARE THEY THE ECONOMIC MODEL TO FOLLOW?
According to a recent Daily Telegraph analysis, the tax burden on Britain’s wealthiest citizens has almost trebled since the 1970s. Conducted over the last four decades of tax and income records, high earners – the top 1% of income taxpayers i.e. earning in excess of £162,000 p.a. – now pay around a third (27%) of … Continue reading What is the tax position of the top 1% and 10% in the United Kingdom?
A. The impact of income inequality on societies and economies The impact of rising inequality on societies is raising concerns. “The social impact is starting to unravel in many countries”, OECD Secretary- General Angel Gurria has said. “Uncertainty and fears of social decline and exclusion have reached the middle classes in many societies.”1 Economists have … Continue reading How does income inequality affect our lives and what policies can governments pursue to reduce income inequality?
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