No evidence that taxing the rich hurts the economy: IMF | Metro

“There’s more and more study of inequality and focusing in on the benefits of greater equality,” Sharpe said. “Obviously you have some incentives in the system, but (lately) there’s been large increases in inequality, the top one per cent particularly in the United States, and may people feel that’s not justified by their contribution to the economy.”

The Washington-based International Monetary Fund released the study Wednesday morning but calls it a “staff discussion note” that does not necessarily represent the IMF views or policy. It was authorized for distribution by Olivier Blanchard, the IMF’s chief economist.

via No evidence that taxing the rich hurts the economy: IMF | Metro.

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