MercoPress. South Atlantic News Agency
IMF lets fresh air in and addresses income inequality and redistribution debate
Income inequality can lead to slower or less sustainable economic growth, while redistribution of income, when measured, does not hurt and can even help an economy, IMF staff found in a research study released on Wednesday. Although the study by IMF economists does not reflect the Fund's official position, it is another sign of a shift in its thinking about income disparity. Read full article
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Feb 27th, 2014 - 12:45 am - Link - Report abuse 0“In the bad old days, the IMF asked governments to cut public spending and taxes,” said Nicolas Mombrial, the head of Oxfam's Washington office. “We hope this research and Christine Lagarde's recent statements are a sign that they are changing their tune.”
Feb 27th, 2014 - 11:09 am - Link - Report abuse 0Even though in the UK’s case it was the socialist / communist Labour party that overspent and overtaxed, just like The Cunt Brown.
Oxfam should learn from The Blessed Margaret that overtaxed people leave the country taking their wealth with them. How many jobs do the wealthy support in society, etc. etc.
When the top rates of income tax were abolished the UK’s economy took off until of course we had New Labour.
Lazy bastards always want to live off other people, Stuff them. I came from a very poor family and I made it by hard schooling and then hard (and smarter) work.
Anybody with a brain and a work ethic can improve themselves.
@ Chris
Feb 27th, 2014 - 12:31 pm - Link - Report abuse 0I sympathise with your work ethic, but don't “very poor” families in the UK get free housing and free education , i.e. significant wealth redistribution?
@3 It's a matter of definition and choice. Up until the end of secondary education, everyone in the UK can get it free. See, you get a choice. Your child goes to a free state school or you can choose to pay and send the child elsewhere. Nothing to do with “free if you're poor”. As for “free housing” that's more complicated. Some people get “free housing” for a period. But others who live in “council” or “social” housing still have to pay.
Feb 27th, 2014 - 01:32 pm - Link - Report abuse 0@ 3 Condorito
Feb 27th, 2014 - 07:06 pm - Link - Report abuse 0It’s a little more complex than how Conqueror put it in that unless you are not working everybody pays taxes which cover all the essential services (or were intended to).
The only way of knowing whether anyone is really poor is if the child gets “free” meals at school. These of course are subsidized by all taxpayers (I still pay income tax in the UK). Moves are always afoot to hide the fact that these children are “poor” to save their embarrassment but what the authorities should be doing to able bodied people who never work, typically known as Chavs (council housed and violent) is to remove the support and take the children into care to ensure they get a more balanced view of life and a chance to break out of the idiot family they were unfortunate to be born to. This will never happen for many reasons but nevertheless it makes it almost impossible for the child to get out of the downward spiral.
We are wasting a whole generation with this molly-coddling of the “poor”.
The rich, including politicians of the “socialist” and “liberal” movements say one thing about educating your children in the state system but then of course put their own into very expensive private education. It wa always thus.
@5 Chris
Feb 27th, 2014 - 08:19 pm - Link - Report abuse 0It seems unfortunately that where ever there is free stuff there will always be free loaders, but on the whole is the high level of redistribution in the UK a good thing or a bad thing?
If you grew up and benefited from free essential services and have gone on to be successful, are you not a proponent of such spending?
@ 6 Condorito
Feb 28th, 2014 - 10:45 am - Link - Report abuse 0Although my family was poor both my parents worked. My mother worked from when I was 5 YO until she retired at 60 years. She died when she was 72.
All we ever got “free” was school milk in little gill sized glass bottles with aluminium foil caps.
What is happening in the UK at the moment is a national disgrace and is leading to a generation of freeloaders who think nothing of sponging on everybody else even though they are fit to work. So no, it is not a good thing. Support for those who need it of course, but not for the idle bastards.
Just like Uruguay apart from Pepe hasn’t made any real jobs since he has been “ruling” us. Plenty of government jobs to keep the unemployment level down and ensure the Broad Fraud keep their voters. The Cunt Brown did exactly the same with the North East by padding it with government offices but he was a socialist / commie as well, except of course for himself.
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