Joe Hockey sur Twitter : "In Australia, the highest marginal tax rate is 47c for each extra dollar earned, NZ is only 33c, Singapore only 20c, Hong Kong only 15c" Newsroom. 15/05/2013 - Income inequality increased by more in the first three years of the crisis to the end of 2010 than it had in the previous twelve years, before factoring in the effect of taxes and transfers on income, according to new OECD data . The analysis says that the welfare state has cushioned the blow for many but warns that further social spending cuts in OECD countries risk causing greater inequality and poverty in the years ahead. After taxes and transfers, the richest 10 per cent of the population in OECD countries earned 9.5 times the income of the poorest 10 per cent in 2010, up from 9 times in 2007. The gap is largest in Chile, Mexico, Turkey, the United States and Israel, and lowest in Iceland, Slovenia, Norway and Denmark.
“These worrying findings underline the need to protect the most vulnerable in society, especially as governments pursue the necessary task of bringing public spending under control,” said OECD Secretary-General Angel Gurría. Taiwan Shrinks Wealth Gap as Xi’s China Communists Struggle. More than six decades after Mao Zedong’s Communists chased Chiang Kai Shek’s Kuomintang off the mainland pledging an egalitarian society, it’s the KMT on Taiwan that has crafted a more balanced wealth distribution.
As Chinese President Xi Jinping completes his nation’s leadership succession this week, Taiwan may offer a model for his campaign to bridge a wealth gap that threatens to undermine Communist Party legitimacy. Taiwan’s Gini coefficient, a measure of inequality, was 0.342 in 2011 compared with China’s 0.477 and the 0.4 level used as a predictor for social unrest. Taiwan moved to introduce a national health-insurance program and greater political accountability as growth slowed to less than 10 percent two decades ago.
China, which has similar gross domestic product per person to Taiwan in the late 1980s, is seeking to address grievances over land grabs and access to public services in a nation where 90 legislators have wealth of at least 1.8 billion yuan ($290 million). Close Open. Human Versus Physical Capital. The "Last Place Aversion" Paradox. If ever Americans were up for a bit of class warfare, now would seem to be the time. The current financial downturn has led to a $700 billion tax-payer-financed bank bailout and an unemployment rate stuck stubbornly above nine percent. Onto this scene has stepped the Occupy Wall Street (OWS) movement, which seeks to bring together a disparate group of protesters united in their belief that the current income distribution is unfair.
“The one thing we all have in common is that We are the 99% that will no longer tolerate the greed and corruption of the 1%,” says their website. In an era of bank bailouts and rising poverty – and where recent data show that the top 1 percent control as much as 35 percent of the total wealth in America – it would appear that the timing of this movement to reconsider the allocation of wealth could not be more perfect. Or, maybe not. Support for redistribution, surprisingly enough, has plummeted during the recession. What might explain this trend? Inequality and the world economy: True Progressivism.