Ishan Kalia
Student, St Olave’s Grammar School, Kent
Lessons learnt from the last recession: It’s time to target wealth!
Ishan Kalia - 29 May 2020Lessons learnt from the last recession: It’s time to target wealth!
The measures taken to pull the economy out of the 2008 crisis involving quantitative easing coupled with austerity were flawed. Twelve years on, wealth for the top percentile has increased exponentially whilst incomes have stagnated. Meanwhile inequality has worsened. For a real recovery this time round, it is time to target wealth.