‘Economics differences between the rich and the poor lead to inequality.’ Write two
ways to reduce economic differences in society.
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In 2018, the Oxfam report said that the wealth gap continued to widen in 2017, with 82% of global wealth generated going to the wealthiest 1%. The 2019 Oxfam report said that the poorest half of the human population has been losing wealth (around 11%) at the same time that a billionaire is minted every two days.
Six policies to reduce economic inequality
Increase the minimum wage. ...
Expand the Earned Income Tax. ...
Build assets for working families. ...
Invest in education. ...
Make the tax code more progressive. ...
End residential segregation
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