Dave Gonigam

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The rich get richer... in Venezuela

It's not just America where the gap between rich and poor is widening.  It's also happening in Hugo Chavez's socialist paradise:

Thanks to economic growth and social programmes, the government claims that only 30% of Venezuelan families now live in poverty, down from 55% at the peak in 2003. But according to a new report by the central bank, income inequality has widened slightly under Mr Chávez: the Gini coefficient—a statistical measure of inequality—has gone from 0.44 in 2000 to 0.48 in 2005.

(Hat tip Passport)

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