The poor are subsidizing the rich through credit-card debt and rewards systems, with wealthy individuals benefiting disproportionately from consumer spending.
The poor are subsidizing the rich through credit-card debt and rewards systems, with wealthy individuals benefiting disproportionately from consumer spending.
Italy's tax system is so out of whack that the wealthiest 7% benefit from lesser tax compared to its lowest earners
The findings suggest that Italy's tax system is more regressive than previously estimated, disproportionately benefiting the top 7% while exacerbating inequalities between the richest and poorest.