Inequality Doesn't Create Poverty
Submitted by Ryan McMaken via The Mises Institute,
Oxfam, the leftwing NGO devoted to poverty relief has released a new report blaming poverty in wealth inequality. In other words, its central claim is that the existence of very wealthy people creates poverty.
The report is largely just an extended op-ed that asserts that the existence of some very wealthy people is the cause of poverty in the world. Notable buzzwords and phrases include "trickle down," "obscene levels of inequality," and "neoliberalism."