After five years, the income tax rate for the highest bracket is likely to revert to 30 percent in the upcoming fiscal year as part of the government’s efforts to address growing inequality — an issue that is among the country’s major economic concerns.
In reality, except for two student advisers in the interim government, the rest are older individuals.
While a privileged minority, sitting in their high castles, continue to enjoy a larger and larger share of the fruits of “development,” it is becoming obvious that the vast majority are increasingly struggling.
Reducing income inequality by taking concrete steps is morally fair and economically justified.
Eminent economist Prof Rehman Sobhan thinks Bangladesh in the next 10 years will be a very unequal society even though the economy could be diversified and better off in terms of aggregate.
Bangladesh’s wealth inequality keeps getting wider
Ironically, under the shadow of stability, the quality of economics and politics has been compromised
Overall progress can conceal significant details regarding regional variations in development
Clearly, deep-rooted biases and stereotypes are at play.
After five years, the income tax rate for the highest bracket is likely to revert to 30 percent in the upcoming fiscal year as part of the government’s efforts to address growing inequality — an issue that is among the country’s major economic concerns.
In reality, except for two student advisers in the interim government, the rest are older individuals.
While a privileged minority, sitting in their high castles, continue to enjoy a larger and larger share of the fruits of “development,” it is becoming obvious that the vast majority are increasingly struggling.
Reducing income inequality by taking concrete steps is morally fair and economically justified.
Eminent economist Prof Rehman Sobhan thinks Bangladesh in the next 10 years will be a very unequal society even though the economy could be diversified and better off in terms of aggregate.
Bangladesh’s wealth inequality keeps getting wider
Ironically, under the shadow of stability, the quality of economics and politics has been compromised
Overall progress can conceal significant details regarding regional variations in development
Clearly, deep-rooted biases and stereotypes are at play.
Rising economic inequality in Bangladesh is not an inevitable phenomenon.
