GMF
Economy Panel
How much inequality does a society need -- and how much can it tolerate -- to develop sustainably?
Economic inequality is - or at least is perceived to be - growing. In recent years, the International Monetary Fund has moved away from the stance that inequality is necessary to ensure development. At the same time, new governments in France, the US and beyond now aim to reduce taxes for the wealthy in order to push investment and growth. How much equality does a system need to be able to sustainably develop and/or preserve wealth? And how much inequality does a democratic system tolerate?
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