Monday, March 16, 2015

Income Inequality in Israel is bringing down Netanyahu. BIBI needed the speech to stay in office, but it did not go well.

http://www.alternet.org/economy/paul-krugman-exposes-real-reason-netanyahus-iran-speech-and-why-israelis-might-give-him-boot

In Israel:

Consider what has happened at either end of the spectrum — the growth in poverty, on one side, and extreme wealth, on the other.
According to Luxembourg Income Study data, the share of Israel’s population living on less than half the country’s median income — a widely accepted definition of relative poverty — more than doubled, to 20.5 percent from 10.2 percent, between 1992 and 2010. The share of children in poverty almost quadrupled, to 27.4 percent from 7.8 percent. Both numbers are the worst in the advanced world, by a large margin.

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