Public Good or Private Wealth

Public Good or Private Wealthby Werner Raza and Willy Sabautski

Winnie Byanyima, executive director of Oxfam International, summarizes the interests of Oxfam International in a few sentences:
The deep and growing chasm between the rich and the poor is not an accident. This gulf is the result of political decisions. […] Many rich countries have lowered or abolished property taxes; they hardly exist in poor countries. […] At the same time, governments reduce spending on education and health care or shift these indispensable services to private profit-oriented suppliers that the poorest cannot afford. […]

Misguided policy led us into this crisis and true policy can lead us out. We can overcome inequality when governments properly tax the wealthy and corporations and invest these revenues in health care and education.

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