The One Percent Should Pay for Faster Growth

Could the extreme wealth inequality of countries such as Russia and Ukraine actually be an untapped resource?
A bit of redistribution might help Ukraine's economy. Photographer: Yuriy Dyachyshyn/AFP/Getty Images

Could high income inequality actually be a coiled spring that can be used to boost growth? Could redistributing wealth actually be good for the economy? These are the somewhat counterintuitive conclusions one might draw from a new paper by a team of International Monetary Fund economists.

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