3. Why inequality is important?
Facts
- 75% of the population is living in an unequal society.
- Inequality can harm growth and poverty reduction.
- Inequality in income can only be addressed if equal opportunities are available.
- Children in the poorest 20% of the population are still up to three times more likely to die before their fifth
birthday.
- Parliament tax exemptions.
High levels of inequality risk leaving much human potential unrealized, damage social cohesion,
hindering economic activity and undermine democratic participation.
4. Forms of inequality
• Income in inequality
• Race
• Ethnicity
• Gender
• Disability
• Religion
• Age
• Etc.
5. What are the main sources of inequality?
• Weak or lack of education.
• Poverty
• Lack of laws, regulations, and rules or improper application.
• Transparency issues and corruption.
• By suppressing their voice.
• The agriculture sector has the highest number of working females,
but most of them are not paid as a family members.
6. Policies to reduce inequality
• Increasing minimum wage
• Reduce taxation distortions (progressive tax vs indirect tax).
• Giving affordable and accessible quality of education.
• Transparency and corruption
• Create microcredit opportunities.
• Inflation should be controlled as it increases inequality and poverty.
