We still have a great amount of work to do in social development, including resolving one of the biggest challenges we face in this area, namely, reducing the gap between high-income earners and people, citizens of our country, who are still living on very modest means indeed. But we cannot, of course, adopt the solution used 80 years ago and simply confiscate the riches of some to redistribute among others. We will use completely different means to resolve this problem, namely, we will ensure good economic growth.
About this quote
- What does it mean?
- He acknowledges income inequality and rejects old‑style confiscation, favoring growth to address the gap.
- In plain terms
- Russia will tackle inequality through economic growth, not by seizing wealth.
- What can you take from it?
- Use growth‑based policies to reduce inequality.
Where it applies
Putting it to work
Questions to consider
- What complementary policies help?
- How to measure success?
Another view
Growth alone may not close the inequality gap.
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