MercoPress. South Atlantic News Agency
Chile with the worst OECD indexes; income ratio between rich and poor 27 to 1
According to a new study by the Organization for Economic Co-operation and Development, income inequality in most economically developed countries is the worst it has been in nearly 25 years. Ten countries from the OECD report, particularly Chile are identified as having the worst income inequality. Read full article
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Disclaimer & comment rulesCan this happen to a normal Chile? no no no
Dec 12th, 2011 - 06:30 am - Link - Report abuse 0better being worst, second worst or lower range of the best 30,
Dec 12th, 2011 - 02:14 pm - Link - Report abuse 0than best of the 30 worst...
keep tryin, xbarilox ;)
PS: By the way, income inequality in Argentina, against rumors over there, isn't much better. Not much people with really high incomes in Argentina make the difference and bends the statistic.
It so happens that income inequality in Argentina is actually falling, and the same is happening is most of South America. Chile is an exception to that trend. Chileans will sooner or later regret their mindless cheering of right-wing policies as they lead your country to bitter social tensions.
Dec 12th, 2011 - 02:29 pm - Link - Report abuse 0Contrary to the most, in Chile is growing the poorer´s income faster that the richer´s income and is one of the two South American countries (both right wing colaitions ruled) in the OECD...probably, if the right wing keep in the office, we will get the lowest gap ever between poorest and richest, thanks to a right policies to grow faster and higher with more fiscal money to share (not waste as the late years from 1991 up to 2010)....
Dec 12th, 2011 - 03:10 pm - Link - Report abuse 01@ When you can be in the OECD you will be able to speak.....in the meanwhile, please check how the Argentine economy is falling down and down and down....as the kid lost (died) by famine in the North provinces od Argentina....while the President is buying a colection of shoes in New York for some USD thousand.....but is what you decided at the poll boxes and now suffer her.....that we are enjoying our good Gvt. that is leading us safe and healthy to the development, despite the hard oppositon´s resistence that is trying to create a fake chaos feeling into the society pressing to do things at extreme levels when they never were able to even think about and that we now are seeing as real in social matters thanks to a responsible policies and budgets.
Reducing inequality is intrinsically 'a good thing'.
Dec 12th, 2011 - 08:24 pm - Link - Report abuse 0But it can be achieved
within the process of national development
or, more simply, by taking from the 'rich' and giving it to the poor.
The former may not give much 'reduction' but it may better the lot of all.
The latter may create a dependency society whilst 'taxing abroad' those heavily stripped of their incomes - not particularly sustainable and powerfully restrictive of Development and the growth in the overall size of the cake.
One thing I can support is the reduction of the massively high salaries and associated pensions from those on national political gravy-trains. Unfortunately many developing nations have politicians that preserve this financial distance from their fellow man by managing and manipulating the process of reward for governance.
This is 'politics for personal profit' - not 'politics for the development of the nation'.
Whatever, being part of the OECD club is a marker of Development.
Not being a member of the OECD club identifies countries with a long way to go.
Forgetit, you only see what you want to see, even if it's not there.
Dec 12th, 2011 - 09:07 pm - Link - Report abuse 0Which part of the sentence :
“Chile is one of the few countries where the income of the poor increased at a higher annual rate than the income of the wealthy, 2.4% to 1.2%. ”
did you not understand?
By the way, a higher GINI index does often mislead to believe that poverty is higher, but that's definitely not the point/true. Happens that Chile with a population of 17 million , representing less then 3% of the latin american population, ranks 3rd in LA in amount of the biggest multinational companies of the region with 25 out of 200 (behind the giants Brazil and Mexico), WAY higher percentage it's population in position to control big companies and source to real wealth. Of course therefore Chile has a high percentage of very, very rich people... but that doesn't make the poor more poorer.
Unfortunately, the tensions are rather going to appear in Argentina (again), once the inflation explodes, subsidies are being taken away from a spoiled population in Buenos Aires and so on...
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