Should South Africa consider taxing its wealthy citizens to bridge the income gap between the rich and the poor? This morning we are in conversation with Professor Ingrid Woolard, Dean, Faculty of Economic and Management Sciences, at Stellenbosch University. Professor Woolard says high wealth inequality creates an imbalance of political power between citizens as the wealthy can potentially influence the political process unfairly. She says this can, in turn, reduce the optimum workings of a democracy. To elaborate further on this, she now joins me on the line...
GUEST: Professor Ingrid Woolard, Dean, Faculty of Economic and Management Sciences, at Stellenbosch University