The latest report on income inequality in OECD countries confirms the problem of growing inequality within OECD. The income of the top 10% is 9 times that of the bottom decile for the OECD countries on average, It ranges from 7 times in Germany, Denmark and Sweden, to 25 times in Chile and Mexico. It is 14 times in the US.
Most of the rise in inequality has gone to the top 1%. This has been accompanied by tax policies that have lowered the tax burden of the top 1%. OECD recommends changes in tax policy that will reduce post tax inequality instead of increasing it.
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