The idea of the struggle against inequality, by reminding the bare minimum of income to the story of Baron Munchausen, a German officer, who in the eighteenth century. Out of the swamp by pulling his own shoelaces
Professor of Economics at the University of Oxford says Simon Wren-Lewis in his diary, which to influence the media's attention, and economists often focuses only on the issue of minimum security seems to be meaningless, and the growing inequality U.S. and the UK led to much faster than the average income of the top 1% as high due to the growth of the Pay Centre Table.
Some of the figures are still enough to be certain. According to a recent report by the High Pay Centre, in mid July 2014 launched in the UK to life, including the 1980 and 2012, the annual income of the CEO of a hundred active UK companies which are listed London Stock Exchange (FTSE 100) rose by approximately million £ 200,000 and £ 4.3. In 1980, one of the big bosses of the British worker earns 20 times the average of 160 times therefore provided more than in 2012, the question of the economist Simon Wren-Lewis.:
"Why not make the most money?"
He said the exponential growth of the income of the British and American CEOs, which is even higher than their peers in Europe, is connected to a virtual high tax revenues in both countries since 1980. This was the conclusion of the investigation economists Thomas Piketty, Emmanuel Saez and Stefanie Stantcheva published in 2011.
In order to correct market imbalances, the solution can be "raised taxes on high incomes." But the British government of Conservative Prime Minister David Cameron chose more (...) read on Slate.fr
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