Inequality in wealth and income hinders economic growth, study finds.
The article explores how politics affects economic growth by looking at how wealth and income inequality impact taxation, redistribution, and growth. The study finds that policies that benefit the wealthy lead to higher growth, but only if the government prioritizes the interests of the rich. In societies with more inequality, higher taxes and less growth are likely. The research also shows that when there is more inequality in land and income ownership, economic growth tends to be lower.