Iran Press/ Europe: The newspaper wrote that wealth distribution reeks of unfairness and poses as big a threat to the country’s well-being as climate change.
The Guardian's report added: Britain is a wealthy country, but the gap between our richest and poorest 10% is now, the US excepted, the highest in the developed world. Accelerating since the financial crisis, wealth inequality casts a shadow over all our lives, affecting health, housing, education, productivity, enterprise, the media, and even the vitality of our democracy.
It has reached the point, a Fairness Foundation report last week argued, that the threat to our collective well-being means it should join climate change and terrorism on the government’s national risk register. It is an eye-catching claim – as dramatic in its way as the “wealth defense industry’s” counterclaims that taxing wealth more will lead to an exodus of the rich overseas, a collapse of enterprise, and the loss of valuable sources of philanthropy, the report argued.
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