The Difference Between Inequality and Poverty

The accurate understanding of the difference between inequality and poverty is critical. If the majority of people were middle class, with a decent life, and a minority were millionaires, would inequality itself be a problem?

RIO DE JANEIRO, BRAZIL - Lately, the term "fighting inequality" has been widely used in public debate. Generally, the word inequality is used - and also perceived - as synonymous with the gap between rich and poor, where a minority holds most of the wealth and a majority lives very poorly, in terrible living . . .

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