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Opinion

I’m okay, you’re screwed: the inequality time bomb

By Lisa Van Dusen      

The world is dividing into two distinct economic planets, a situation complicated by technology as both an economic disruptor and instability hack.

Prime Minister Justin Trudeau has framed his general economic thrust as ‘growing the middle class,’ in the belief that this grows the economy. Both the IMF and OECD recently vindicated that approach by raising Canada’s 2017 GDP growth forecast, writes Lisa Van Dusen. The Hill Times photograph by Andrew Meade
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As if the anecdotal evidence weren’t overwhelming enough, a study published Nov. 15 in the research journal Nature warned that record levels of income inequality, particularly in the United States, could produce social instability. The Republicans in Congress, apparently fearing an unruly mob, responded by passing massive tax breaks for the people who make the barricades. The U.S., according to the 2016 Allianz Global Wealth Report, has a Gini coefficient of about 0.81 (zero represents an economy in which all wealth is

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