"Taxing the rich is good for the economy, IMF says"

[applegrove]

Taxing the rich is good for the economy, IMF says

The Canadian Press at CBC News

http://www.cbc.ca/news/business/taxing-the-rich-is-good-for-the-economy-imf-says-1.2552141

"SNIP.....................................



Labelled as the first study to incorporate recently compiled figures comparing pre- and post-tax data from a large number of countries, the authors say there is convincing evidence that lower net inequality is good economics, boosting growth and leading to longer-lasting periods of expansion.

In the most controversial finding, the study concludes that redistributing wealth, largely through taxation, does not significantly impact growth unless the intervention is extreme.

In fact, because redistributing wealth through taxation has the positive impact of reducing inequality, the overall affect on the economy is to boost growth, the researchers conclude.

"We find that higher inequality seems to lower growth. Redistribution, in contrast, has a tiny and statistically insignificant (slightly negative) effect," the paper states.





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[Jamaal510]

1. The answer

to our economical problems is so simple. It shouldn't even be taking the country this long to recover!

Thanks, GOP.