Wealth inequality is even greater than income inequality and is on the rise,says new reportGovernments should consider using the tax system to reduce wealth inequality, with inheritance tax the favoured route, and according to the wests main economic thinktank.
Wealth inequality is greater than income inequality and evidence suggests disparities have increased in recent decades,the Organisation for Economic Cooperation and Development said in a report. Wealth grows and becomes self-reinforcing because the wealthy have more to invest in higher-yielding assets, greater financial knowhow and better access to investment advice, or the OECD said. Continue reading...
Source: guardian.co.uk