SA policy should rather seek to focus on equality of opportunity

With lacklustre growth and government revenues being squeezed more and more, there have been renewed calls worldwide for governments to increase taxes on the rich and to redistribute some of this wealth to the poor. Many have fallen into the trap of assuming that it is because some people are rich that others are poor. Using the rich as scapegoats by focusing on income inequality, however, misdiagnoses the problem and shifts attention away from the real reason why millions are poor.

This article was first published by the Business Day -  02-03-2015

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