Class 10 & 11 Flashcards
1
Q
What is the Gini Index?
A
- It measures income inequality between 0 (complete equality, everyone has the same per capita income) and 1 (complete inequality)
- BR: the 10th worst Gini –> we’re extremely unequal, in concentration of lands (for agriculture) is even worse
2
Q
What’s the difference between poverty and extreme poverty? Where are the poor people in Brazil?
A
- Poverty: around 30% of the total population is in poverty (US$ 5.50 per day) and around 6% is in extreme poverty (US$ 1.90 per day)
- Most poor and extremely people are in the northeast, southeast and north regions.
3
Q
What should be changed to reduce inequality of taxes?
A
Have higher inheritance taxes, as super rich people pay proportionally less (Real tax / Total annual earnings)
- Inheritance tax, is currently 4% in Brazil and between 30 and 60% in most developed countries