Two weeks ago, we wrote about crime statistics and pointed out that income inequality is far more correlated with crime statistics than income poverty or economic growth. This suggests why discussion on the need to address income inequality cannot be overemphasized. Former NEDA Director General Cielito Habito has also pointed out that a big bulk of the growth of the national income is concentrated on the top 40 richest families, which is why the 2011-2016 Philippine Development Plan’s overall thrusts is to achieve inclusive growth, with growth being shared by every Filipino (aside from the complementary goal to reduce poverty).
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