IMF Study Says Inequality Is Hurting Growth, Calls For Wealth Redistribution

The International Monetary Fund (IMF) said in a new report that income inequality is harming economies around the world, calling it the “defining challenge of our time.” The Monday study, which was the result of research from five IMF economists, drew attention to the issue of global inequality, dismissed “trickle-down” economics and urged governments to target policies toward the bottom 20 percent of their citizens.

from International Business Times http://bit.ly/1GK0gcJ