Context
Addressing income inequality is a critical global challenge that demands multifaceted strategies and comprehensive policies. Effective approaches to reducing inequality involve progressive taxation, enhancing education, enforcing fair labor laws, investing in infrastructure, and encouraging contributions from the super-rich. Recent data indicates growing inequality in India, with the top 1% holding a significant share of national income, even surpassing levels during British rule.
Q: “Income inequality is a pressing global issue with far-reaching implications for social stability and economic growth.” Comment
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