#income-equality

[ follow ]
US Elections
fromAxios
3 hours ago

Dems eyeing 2028 want huge tax cuts - but big hikes for the rich

Democratic presidential candidates propose significant tax cuts, including eliminating federal income taxes for many workers and making income up to $75,000 tax-free for couples.
Retirement
fromSilicon Canals
1 day ago

What no one tells you about a working-class retirement - Silicon Canals

Retirement can lead to unexpected physical and identity challenges for those who defined themselves by their work.
UK politics
fromwww.theguardian.com
8 hours ago

Workers, pensioners and children: all better off. Ignore the critics we really are standing up for working people | Keir Starmer

A Labour government strengthens workers' rights with new benefits, abolishes the two-child benefit cap, and prioritizes support for working families.
#wealth-tax
Social justice
fromwww.theguardian.com
2 days ago

Billionaire fortunes have reached all-time highs under Trump. So has the movement to tax them

A proposed 5% wealth tax on California's billionaires aims to fund public services and education, reflecting growing support for taxing the wealthy.
Left-wing politics
fromFortune
2 days ago

Bernie Sanders calls out Bezos, Musk, Bloomberg and Buffett in billionaire tax push: 'The richest people in America have never ever had it so good' | Fortune

Wealth taxes are proposed to address economic inequality and provide financial relief to working Americans.
SF politics
fromwww.theguardian.com
5 days ago

Washington state's historic' millionaire tax takes aim at super-rich will it succeed?

Noel Frame has faced significant challenges in raising taxes on the ultra-wealthy in Washington despite the state's need for increased revenue.
UK politics
fromwww.theguardian.com
4 days ago

Global super-rich may have hidden $3.55tn from tax officials, says Oxfam

$3.55 trillion of global wealth is hidden from tax authorities, primarily owned by the richest 0.1% of households.
fromFortune
1 month ago
US politics

Bernie Sanders' billionaire tax would soak about 900 people to fund $3,000 checks for the middle class | Fortune

SF politics
fromwww.theguardian.com
1 month ago

Bernie Sanders and Ro Khanna propose bill to impose wealth tax on billionaires

Sanders and Khanna introduced a 5% annual wealth tax on billionaires expected to raise $4.4 trillion over a decade for direct payments, Medicare expansion, and affordable housing.
Social justice
fromwww.theguardian.com
2 days ago

Billionaire fortunes have reached all-time highs under Trump. So has the movement to tax them

A proposed 5% wealth tax on California's billionaires aims to fund public services and education, reflecting growing support for taxing the wealthy.
Left-wing politics
fromFortune
2 days ago

Bernie Sanders calls out Bezos, Musk, Bloomberg and Buffett in billionaire tax push: 'The richest people in America have never ever had it so good' | Fortune

Wealth taxes are proposed to address economic inequality and provide financial relief to working Americans.
SF politics
fromwww.theguardian.com
5 days ago

Washington state's historic' millionaire tax takes aim at super-rich will it succeed?

Noel Frame has faced significant challenges in raising taxes on the ultra-wealthy in Washington despite the state's need for increased revenue.
UK politics
fromwww.theguardian.com
4 days ago

Global super-rich may have hidden $3.55tn from tax officials, says Oxfam

$3.55 trillion of global wealth is hidden from tax authorities, primarily owned by the richest 0.1% of households.
fromFortune
1 month ago
US politics

Bernie Sanders' billionaire tax would soak about 900 people to fund $3,000 checks for the middle class | Fortune

SF politics
fromwww.theguardian.com
1 month ago

Bernie Sanders and Ro Khanna propose bill to impose wealth tax on billionaires

Sanders and Khanna introduced a 5% annual wealth tax on billionaires expected to raise $4.4 trillion over a decade for direct payments, Medicare expansion, and affordable housing.
Psychology
fromSilicon Canals
1 day ago

Psychology says people who grew up poor and became successful often can't fully enjoy it - not because they're ungrateful, but because some part of them never stopped waiting for it to disappear - Silicon Canals

Successful individuals often struggle with feelings of scarcity and anxiety about their financial stability, despite their achievements.
Public health
fromwww.theguardian.com
2 days ago

Young people more likely to leave for health reasons when in low-paid, insecure jobs'

Young people in the UK are leaving jobs for health reasons, particularly in insecure, low-paid sectors like hospitality and retail.
Privacy professionals
fromwww.aljazeera.com
2 days ago

Ten years since Panama Papers: What did they reveal, did anything change?

The Panama Papers leak revealed extensive offshore financial networks used by the global elite, involving over 11.5 million documents from Mossack Fonseca.
Fundraising
fromsfist.com
3 days ago

Craiglist's Craig Newmark Is Inspiring Billionaires to Donate Their Fortunes Like He Is

Craig Newmark signed the Giving Pledge to donate up to $1 billion to nonprofits, encouraging other wealthy individuals to do the same.
Careers
fromwww.businessinsider.com
2 days ago

I used to advise companies on what to pay people. Here are 4 myths you should ignore when negotiating your salary.

Negotiation success relies more on personal value and offers than on market research or salary data.
#social-security
Retirement
from24/7 Wall St.
2 days ago

New Social Security Proposal Deals Higher Earners a Harsh Blow

Capping Social Security benefits for higher earners is proposed to address funding shortfalls, but its likelihood of passing is low.
Retirement
from24/7 Wall St.
2 days ago

How to Avoid Social Security's Most Hated Trap

Many retirees face taxes on Social Security benefits, which can feel like double taxation due to low income thresholds.
from24/7 Wall St.
5 days ago
Retirement

BlackRock CEO suggests Social Security fix

Social Security's trust fund faces financial instability, with proposals like Larry Fink's suggesting a new investment fund to supplement it.
Retirement
from24/7 Wall St.
1 day ago

Social Security Issues Major Warning to Retirees

Retirees must be vigilant against increasing government impostor scams targeting their Social Security information.
Retirement
from24/7 Wall St.
2 days ago

New Social Security Proposal Deals Higher Earners a Harsh Blow

Capping Social Security benefits for higher earners is proposed to address funding shortfalls, but its likelihood of passing is low.
Retirement
from24/7 Wall St.
2 days ago

How to Avoid Social Security's Most Hated Trap

Many retirees face taxes on Social Security benefits, which can feel like double taxation due to low income thresholds.
Retirement
from24/7 Wall St.
5 days ago

BlackRock CEO suggests Social Security fix

Social Security's trust fund faces financial instability, with proposals like Larry Fink's suggesting a new investment fund to supplement it.
fromTruthout
5 days ago

Low-Income Moms Struggle to Keep Their Families Afloat Amid Gas Price Increases

Luna Rosado, a single mother, has seen her gas expenses rise by $40 weekly due to a 30 percent increase in prices after the war in Iran. This has resulted in $160 less for groceries and other necessities each month, forcing her to constantly adjust her budget.
Washington DC
fromTruthout
6 days ago

A Shady Nonprofit Pushes Back On Pennsylvania's Proposed Minimum Wage Hike

"Today's vote ignores the well-documented harmful consequences of wage hikes by economists. Not only would this proposal slash up to 86,000 jobs, it would also worsen inflation for Pennsylvania workers and residents."
Non-profit organizations
NYC politics
fromHell Gate
6 days ago

Bernie to Hochul: I Am Once Again Asking You to Tax the Rich

The NYC chapter of the Democratic Socialists of America held a 'tax the rich' rally featuring Senator Bernie Sanders, despite Mayor Mamdani's absence.
Business
fromFortune
6 days ago

Even billionaires aren't safe: This year's market slump has wiped $75 billion from the wealth of Jeff Bezos and Mark Zuckerberg | Fortune

The world's wealthiest have lost over $255 billion this year, with market declines affecting even the richest individuals significantly.
London food
fromIndependent
6 days ago

Michael Houghton: 'Our combined income is almost double what it was in 2022, yet strangely we don't feel like we have twice as much to play with'

High tax rates in Ireland create a situation where few feel rich or poor.
UK politics
fromBusiness Matters
1 day ago

Labour's tax uncertainty is pushing Britain's wealthiest towards the exit

Britain's ultra-wealthy are considering leaving due to unstable fiscal policies rather than high tax rates.
fromwww.dw.com
3 days ago

Wealth tax: Why are countries afraid to tax the ultrarich?

One way is to increase income taxes. There's also the option for an annual or one-off wealth tax on everything someone has above a certain mark. A few governments want to tax extreme wealth to lower taxes on a stagnating middle class or to make up for social inequality.
US Elections
Boston real estate
fromwww.businessinsider.com
6 days ago

2 charts show how the highest and lowest earners spend their money

Lower-income Americans face significant financial challenges, with spending disparities compared to higher-income households affecting their budgets and lifestyle choices.
Psychology
fromSilicon Canals
4 days ago

People who grew up calculating whether they could afford both the drink and the entree before anyone else sat down don't stop doing that math when they earn six figures. The arithmetic isn't financial anymore. It's a loyalty ritual to a younger version of themselves who promised never to be caught without an exit. - Silicon Canals

Child poverty in the U.S. leads to adult poverty more than in Denmark, Germany, the UK, or Australia, with lasting effects beyond financial circumstances.
Fundraising
fromFortune
5 days ago

Jamie Dimon says the American Dream is 'slipping out of reach'-and JPMorgan is spending billions to fix it | Fortune

The American Dream is at risk, prompting JPMorgan Chase to launch a multi-year initiative to enhance economic opportunities.
US news
fromFortune
5 days ago

Warren Buffett says he stopped talking to Bill Gates over Epstein-and worries he could be called as a witness | Fortune

Warren Buffett has not spoken to Bill Gates since the scandal involving Gates' ties to Jeffrey Epstein became public.
Careers
fromSilicon Canals
5 days ago

The most profound disconnect between boomers and younger generations isn't about avocado toast or laziness - it's that boomers inherited an economy designed to reward time invested, while millennials and Gen Z are navigating one that rewards attention captured, and the skill sets don't translate - Silicon Canals

Generational tension arises from differing economic realities between baby boomers and younger generations, affecting perceptions of work and success.
New York City
fromHoodline
6 days ago

Nearly Half Of NYC Workers Struggling To Make Ends Meet

Many New Yorkers struggle to afford basic living costs due to stagnant wages and rising expenses.
Right-wing politics
fromFortune
2 weeks ago

Economists agree: You're not crazy for feeling like the rich get richer, and the poor are doing worse. Welcome to the 'K-shaped economy' | Fortune

The K recovery illustrates a growing economic divide where the wealthy prosper while the poor struggle, echoing historical patterns of inequality.
#wealth-inequality
US Elections
fromwww.theguardian.com
4 days ago

Yes, the rich must start paying their fair share of taxes | Bernie Sanders

The wealth gap in America has reached unprecedented levels, with the top 1% owning more than the bottom 93%.
Business
fromFortune
2 weeks ago

Billionaire says US wealth inequality is 'completely unsustainable as a society' | Fortune

The top 1% of U.S. households owns 31.7% of wealth, matching the bottom 90%, creating the widest gap since 1989 while the top 10% accounts for nearly 50% of consumer spending.
US politics
fromFast Company
1 month ago

State lawmakers have introduced 100+ bills to rein in wealth hoarding

At least 19 states have introduced over 100 bills in the 2026 legislative session to address wealth inequality and rising costs of living through tax policy reforms and wealth redistribution measures.
fromFortune
2 months ago
World news

Nearly 400 millionaires and billionaires across 24 countries are demanding Davos leaders to tax them more: 'Tax us. Tax the super rich.' | Fortune

US Elections
fromwww.theguardian.com
4 days ago

Yes, the rich must start paying their fair share of taxes | Bernie Sanders

The wealth gap in America has reached unprecedented levels, with the top 1% owning more than the bottom 93%.
Business
fromFortune
2 weeks ago

Billionaire says US wealth inequality is 'completely unsustainable as a society' | Fortune

The top 1% of U.S. households owns 31.7% of wealth, matching the bottom 90%, creating the widest gap since 1989 while the top 10% accounts for nearly 50% of consumer spending.
US politics
fromFast Company
1 month ago

State lawmakers have introduced 100+ bills to rein in wealth hoarding

At least 19 states have introduced over 100 bills in the 2026 legislative session to address wealth inequality and rising costs of living through tax policy reforms and wealth redistribution measures.
fromFortune
2 months ago
World news

Nearly 400 millionaires and billionaires across 24 countries are demanding Davos leaders to tax them more: 'Tax us. Tax the super rich.' | Fortune

World politics
fromwww.theguardian.com
2 weeks ago

We can tell you who will really get rich from this oil crisis and how we can stop them | Isabella Weber and Gregor Semieniuk

Strait of Hormuz disruptions from Middle East conflict drive oil prices above $100 per barrel, generating record profits for oil and gas companies while governments struggle with economic fallout.
fromApaonline
2 weeks ago

Good Work and Economic Democracy

Within the workplace, the content and conditions of work are largely controlled by employers who often have an interest in degrading the quality of work, both to increase productivity and to increase their control over employees in the workplace. Outside the workplace, employers have both an incentive and the power to undermine measures that would improve the quality of work through the political process.
Philosophy
Film
fromDefector
2 weeks ago

Fair Pay Feels Good In A Place Like This | Defector

Nitehawk theater workers organized a union to improve conditions at an independent Brooklyn cinema that combines movie-watching with full-service dining, joining a broader wave of service industry unionization.
US Elections
fromFortune
6 days ago

Wealth taxes on billionaires and $30 minimum wages are part of the same plan, advocate says. 'They should pay their fair share' | Fortune

Most voters support a billionaire tax, with 52% of California voters favoring a one-time 5% tax on the state's billionaires.
Silicon Valley
fromFortune
2 weeks ago

Musk says taxing every billionaire at 100% would barely make a dent in the national debt. Bernie says tax them 5% and you're $3,000 richer | Fortune

Elon Musk and Bernie Sanders use identical federal debt mathematics to justify opposite tax positions on billionaires, with Musk opposing wealth taxes and Sanders proposing a 5% annual wealth tax generating $4.4 trillion over ten years.
UK politics
fromwww.theguardian.com
3 days ago

Next week's disability cuts will make people destitute and you might not understand how bad they are until it's too late | Frances Ryan

Almost 750,000 severely ill and disabled people in Britain face a significant cut to their universal credit support.
Psychology
fromSilicon Canals
1 week ago

The real class divide isn't between rich and poor. It's between people who were taught the world will accommodate them and people who were taught to accommodate the world. Both are right about the world they grew up in. - Silicon Canals

Social fluency stems from early life experiences, not wealth, shaping expectations of how the world responds to individuals.
US politics
fromFortune
3 weeks ago

Social Security has kept wealth inequality in check for decades. Trump's policies could deplete it in 6 years | Fortune

Social Security's $40 trillion buffer has moderated wealth inequality for decades, but accelerating fiscal policies threaten its insolvency by 2032, potentially widening the wealth gap to Gilded Age levels.
#income-inequality
Madrid food
fromwww.theguardian.com
3 weeks ago

Unbelievably unequal': report shows how 1% of Mexicans own 40% of country's wealth

Mexico's extreme income inequality concentrates 40% of wealth among the richest 1% while nearly 19 million people live in poverty, exemplified by stark contrasts between luxury developments and working-class neighborhoods.
fromFortune
1 month ago
Business

Welcome to the 'E-shaped' economy: Wealth gap is no longer between just higher and lower earners, the middle class is also struggling out on its own | Fortune

Madrid food
fromwww.theguardian.com
3 weeks ago

Unbelievably unequal': report shows how 1% of Mexicans own 40% of country's wealth

Mexico's extreme income inequality concentrates 40% of wealth among the richest 1% while nearly 19 million people live in poverty, exemplified by stark contrasts between luxury developments and working-class neighborhoods.
fromFortune
1 month ago
Business

Welcome to the 'E-shaped' economy: Wealth gap is no longer between just higher and lower earners, the middle class is also struggling out on its own | Fortune

Miscellaneous
fromThe Nation
3 weeks ago

Taking Aim at Overpaid CEOs

CEO compensation vastly exceeds worker wages at major corporations, forcing taxpayers to subsidize employee benefits through public assistance programs.
UK politics
fromBusiness Matters
4 days ago

NI pension cap risks hitting middle earners hardest, analysis warns

The proposed £2,000 cap on National Insurance relief for pension contributions may harm middle-income workers more than high earners.
Retirement
fromSubstack
5 days ago

Equity Compensation Is How Modern Millionaires Are Made

Equity compensation is crucial for modern employees, impacting wealth accumulation and tax implications.
Left-wing politics
fromwww.theguardian.com
3 weeks ago

America needs a movement to curb billionaires' power | Steven Greenhouse

Over 900 US billionaires wield excessive influence over elections, economy, government policies, and media, threatening democracy and economic fairness, requiring urgent grassroots action to curb their power.
Retirement
from24/7 Wall St.
5 days ago

Why Financial Advisors Tell High Earners Over $400K to Stop Maxing Their 401(k)

High earners may benefit from strategies that reduce taxable income in retirement rather than traditional tax-deferment methods.
US Elections
fromThe Nation
1 week ago

How Trump's Economy Is Crushing Everyday Americans

Rising costs of living are forcing Americans to choose cheaper, shelf-stable food options while economic policies worsen financial strain.
fromApaonline
3 weeks ago

Good Work and Class Conflict

Work, in the words of Karl Marx, is a "means of life" in two senses. It is, first of all, an instrument for human life. It is the activity by which we reproduce ourselves from day to day, from year to year, from generation to generation. But work also forms, so to speak, much of the matter of human life, at least for most people in any society with which we are familiar.
Philosophy
UK politics
fromwww.bbc.com
5 days ago

Why the benefit used by over 8 million people may not be fit for the future

Easterhouse's transformation sparked the creation of Universal Credit, which now supports over eight million people, but faces new challenges in the welfare system.
Public health
fromBusiness Insider
4 weeks ago

I'm a millionaire living in Washington. I'm happy to pay more in taxes - it helps everybody.

A self-made millionaire who experienced poverty acknowledges that wealth accumulation requires more than hard work, including luck, opportunity, and systemic advantages beyond individual effort.
UK politics
fromwww.theguardian.com
3 weeks ago

Labour has weapons in its arsenal to cushion the poorest from Iran war economic fallout | Heather Stewart

Labour's scrapping of the two-child limit will provide £440 monthly to over half-a-million households from April, potentially lifting 480,000 children out of poverty by 2026 amid rising inflation concerns.
Major League Baseball
fromTalkNats.com
1 month ago

It's all about the money..... and the lack thereof! | TalkNats.com

MLB's revenue-sharing model and absence of a salary cap produce low profitability, encourage cost-minimizing ownership, and require CBA reforms for competitive balance.
Mindfulness
fromSilicon Canals
2 months ago

7 things working-class people do with money that wealthy people secretly wish they'd learned - Silicon Canals

Working-class people track every penny, find joy without spending, prioritize essentials, avoid lifestyle inflation, and build financial resilience through discipline and resourcefulness.
Relationships
fromSlate Magazine
1 month ago

I Know My Best Friend Isn't a Charity Case. But I Still Want to Give Her My Extra Cash.

Offer financial help transparently and respectfully: ask permission, discuss needs and boundaries, and provide sustainable support without stigma or unsolicited gifts.
fromMedium
2 months ago

The Future Where No One Works-Except the Billionaires Who Still Do

If a world without work is paradise, why are its architects still working? Our ability to create has exploded, but our ability to feel meaning in what we create has collapsed. Billionaires tell us AI will free us from work, but they still show up to the office. That's the clue we're ignoring. The danger isn't job loss, it's loss of purpose. As friction disappears, so does the proof that our actions matter. And without those tiny moments of impact, we don't become liberated.
Mental health
Environment
fromFuturism
2 months ago

The Richest 1 Percent Burned Their Entire Share of Carbon for the Year in Just 10 Days

The richest 1% exhausted their fair share of the global carbon budget within 10 days and must cut emissions 97% by 2030 to meet 1.5°C.
World news
fromFlowingData
2 months ago

Imagining a global lottery where you are born with less

A birth-lottery tool compares countries' starting conditions using life expectancy, income, and education via the Human Development Index.
fromEmptywheel
2 months ago

The Economic Myths Supporting The Existence Of Billionaires

My suggestion is to unlearn the stupid ideas about capitalism that dominate our education system and our political discourse. Replace them with something approximating reality.
US politics
fromThe Nation
1 month ago

The Urgency of Marrying Affordability to Anti-Corporate Populism

Democrats can realign politics by linking immigration concerns to a populist economic fight against corporate power to win working-class voters.
Social justice
fromwww.theguardian.com
2 months ago

Brazen' political influence of rich laid bare as wealth of billionaires reaches $18.3tn, says Oxfam

Billionaires exceeded 3,000 with $18.3tn collective wealth, growing 81% since 2020, while governments protect the rich and suppress protests, deepening global inequality.
Philosophy
fromAeon
2 months ago

Inherited wealth is a natural byproduct of a healthy, growing economy | Aeon Essays

Rising inheritances do not necessarily threaten economic growth or entrench a hereditary aristocracy; their effects on inequality depend on composition and policy.
World news
fromwww.aljazeera.com
2 months ago

Billionaires have more money and political power than ever, Oxfam says

Superrich individuals increasingly concentrate wealth, political influence, and media ownership, intensifying global inequality and undermining poverty reduction efforts.
US politics
fromwww.aljazeera.com
1 month ago

California mulls a billionaire tax, revealing a deeply divided state

A proposed California one-time 5% billionaire tax aims to replace federal Medicaid funding lost to the OBBBA by preserving Medi-Cal services for vulnerable patients.
Philosophy
fromApaonline
2 months ago

Economic Democracy as the Redemption of Political Democracy

Economic democracy should be reframed as intrinsically linked to political democracy, reintegrating economic and political spheres rather than merely extending political democracy into firms.
Business
fromPsychology Today
1 month ago

Who Can Afford to Spend Money?

Rising inequality and job losses increase consumer psychological stress and threaten a consumer-dependent economy unless individuals build financial resilience, community solidarity, and empathy.
US news
from24/7 Wall St.
2 months ago

33% of Americans Think They Need $1.5Million+ to Retire, Yet 33% Have Under $50K Saved

Most Americans lack sufficient retirement savings; many expect $1.5 million while a large share have under $50,000, creating a growing retirement shortfall.
US politics
fromPsychology Today
2 months ago

In the U.S., Who Deserves Financial Stability?

Cultural defaults like individualism and the American Dream shape attitudes toward social welfare and can help or hinder changemakers seeking equitable policy solutions.
World news
fromwww.theguardian.com
2 months ago

In Davos, the rich talk about global threats'. Here's why they're silent about the biggest of them all | Ingrid Robeyns

Neoliberal capitalism concentrates wealth through privatization, weakened labor power, and tax cuts for the rich, eroding democracies and driving many global risks.
Business
fromHarvard Gazette
2 months ago

Inequality and location, location, location - Harvard Gazette

Geography significantly shapes housing and labor market outcomes, influencing wages, location choices, rent control effects, and demographic-driven economic dynamics.
fromTruthout
2 months ago

The Affordability Crisis Is Real. Only Worker Organizing Can Offer Solutions.

A friend recently told me a story that made this reality impossible to ignore. Her elderly parents live near an elementary school not far from the nation's capital. For several years, they had been quietly raising money to provide groceries and basic supplies for families whose children were going hungry. When Republicans suspended SNAP benefits, the need surged overnight. What had been a steady act of care suddenly became an emergency response.
US politics
US politics
from24/7 Wall St.
2 months ago

Most Americans Think the Rich Don't Pay Taxes; The Numbers Tell a More Uncomfortable Story

Tax fairness is contested: sales taxes apply equally, while income taxes (progressive versus flat) provoke debate and actual tax burdens differ across wealth levels.
fromBusiness Insider
2 months ago

I'm a millionaire living in California. I'm happy to pay higher taxes since I have more wealth - it just makes sense.

I never thought I'd live in California. I grew up in Colorado, went to college in Boston, and lived in Texas. I came out here for business school because I wanted to be at Stanford, and because you could play golf during the winter. Now I love it here. It has nothing to do with taxes; taxes have never been anywhere on our list of criteria for deciding where to live. I want to live where my family is and love the weather, the jobs,
US politics
US politics
fromwww.theguardian.com
1 month ago

We can reverse America's decline | Bernie Sanders

The United States is in profound decline across economy, education, healthcare, and housing, threatening future generations' prosperity.
UK politics
fromwww.theguardian.com
2 months ago

On 100k and feeling hard-done-by? It seems absurd but a cold truth lies beneath | Jason Okundaye

High-earning urban professionals face tax, childcare, and student-loan thresholds that reduce net gains from higher pay, discouraging promotions and extra work, particularly in London.
[ Load more ]