Income Distribution and Economic Growth

Those Communists at the International Monetary Fund have decided that when people talk about trickle-down economics, they’re pissing on your leg.

The idea that increased income inequality makes economies more dynamic has been rejected by an International Monetary Fund study, which shows the widening income gap between rich and poor is bad for growth.

A report by five IMF economists dismissed “trickle-down” economics, and said that if governments wanted to increase the pace of growth they should concentrate on helping the poorest 20% of citizens.

But you already knew that, didn’t you?

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