Pay low-income families more to boost economic growth, says IMF

[Monte Davis]

That's ridiculous. The top 20% can put additional income to work suborning
journalists to anoint them as job creators..;. while the bottom 20% would
just blow the money on food, housing, and doctors for the kids.

On Wed, Jun 17, 2015 at 9:21 AM, David Morris <fqmorris at gmail.com> wrote:

>
> http://www.theguardian.com/business/2015/jun/15/focus-on-low-income-families-to-boost-economic-growth-says-imf-study
>
> The IMF report said the way income is distributed matters for growth. “If
> the income share of the top 20% increases, then GDP growth actually
> declines over the medium term, suggesting that the benefits do not trickle
> down. In contrast, an increase in the income share of the bottom 20% is
> associated with higher GDP growth,” said the report.
>
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