Speaking of the 99% versus the 1%

Speaking of the 99% versus the 1% - a new report out of the International Monetary Fund finds that one of the greatest factors for prolonged economic growth in a nation is a low level of wealth inequality. By reviewing economies around the world – and looking at economic variables such as political institutions, debt, and trade – the study found that by far – it’s wealth inequality that has the greatest effect on sustained economic growth – and that if nations are made 10% more equitable in their wealth distribution – then they could see economic growth sustained for 50% longer.

As in – if you spread the wealth around a little better – then you’ll see much better economic growth for the whole nation. Currently – the United States is the most unequal nation in the developed world – and more unequal than nations like the Ivory Coast, Ethiopia and Pakistan. We have a lot of work to do to fix this imbalance – and it starts with Wall Street.

Popular blog posts

No blog posts. You can add one!

ADHD: Hunter in a Farmer's World

Thom Hartmann has written a dozen books covering ADD / ADHD - Attention Deficit Hyperactive Disorder.

Join Thom for his new twice-weekly email newsletters on ADHD, whether it affects you or a member of your family.

Thom's Blog Is On the Move

Hello All

Thom's blog in this space and moving to a new home.

Please follow us across to hartmannreport.com - this will be the only place going forward to read Thom's blog posts and articles.