Why taxing wealth more effectively can help to reduce inequality and poverty
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By Oliver Pearce
Since 2014, Oxfam’s Even It Up campaign has been pressing governments to tackle economic inequality because it is hindering efforts to end poverty. Recent World Bank estimates show that according to current economic growth predictions – and if present levels of inequality remain unchanged – in 2030 about 6.5% of the global population will still be living in extreme poverty. Tackling inequality to reduce each country’s Gini index by 1% per year would reduce extreme poverty mor...
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