Opinion | Combatting Economic Inequality Is a Key Democratic Value

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Opinion | Combatting Economic Inequality Is a Key Democratic Value
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People want to live in a fair and equitable society. And achieving one is possible.

More than a decade after Occupy Wall Street, inequality remains a major political issue in the world today. Most people agree that inequality is too extreme and needs to be reduced.

Inequality corrodes society and poisons democracy, but it is also ecologically dangerous. The rich consume an extraordinary amount of energy, resulting in high emissions and making decarbonisation more difficult to achieve.

People want to live in a fair and equitable society. This is clear when we look at public sector pay scales, the closest thing we have to a democratically determined distribution. In major British institutions like the National Health Service and the universities, where staff unions have a say over pay scales, the gaps between the highest and lowest salary bands rarely exceed five to one.

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