04.02.2018

Countries become richer, governments impoverish

World Inequality Report 2018

Piketty-Report The social inequality between top earners and low income has, according to a study, in recent decades in almost all regions of the world increased. This is the conclusion of a research group around the well-known French economist Thomas Piketty. Thus, the income of the richest percent of the world's population has more than doubled. The middle class, however, had hardly benefited. One of the main reasons for the growing economic inequality is the transfer of huge amounts of public assets into private hands. (Photo: citizens4taxjustice / flickr, CC BY 2.0)