Throughout Asia, the Philippines conspicuously stands out when it comes to social and economic inequalities. The latest World Bank calculations place the Philippines at the highest level of inequality in the region (see Table 1). In a grouping of 27 Asian countries monitored by the World Bank, the Philippines ranks No. 1 in inequality with...
Tag: inequality
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The greatest source of economic and social inequality
Holding title to property is the greatest source of economic and social inequality. Holding no title of any kind, whether to property or to social or academic standing, is a sure indication of being on the fringes, a ticket to poverty. Being king or emperor, or general or president, or doctor or attorney or engineer—titles...
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Tax the rich: 9 reasons for a wealth tax
Rising inequality has been an inescapable phenomenon of global economic development over the past 200 years. Per the United Nations’ Sustainable Development Goals, growing inequality affects 70% of the global population and threatens “long-term social and economic development, [harming] poverty reduction and [destroying] people’s sense of fulfillment and self-worth,” all of which “can breed crime,...
