Article ACQH Economic growth more likely when wealth distributed to poor instead of rich

Economic growth more likely when wealth distributed to poor instead of rich

by
Stephen Koukoulas
from Economics | The Guardian on (#ACQH)

The economic case for maintaining a progressive income tax structure and targeting welfare payments to those most in need is overwhelming

Having money from economic growth flow to poor people rather than the rich feeds into a lift in the rate of economic growth and lower unemployment. Conversely, as income inequality increases, the potential for economic growth is constrained.

The economic case for maintaining a progressive income tax structure and targeting welfare payments to those most in need is overwhelming.

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