#wealth-inequality

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#education

Documents Show How Top Colleges Secretly Admit Terrible Students, as Long as They're Wealthy

Top universities are accused of favoring wealthy applicants in admissions over higher-performing, lower-income peers.
Some universities have settled lawsuits that call out their admissions practices favoring the rich.
Allegations include detailed lists of favored applicants, disregarding academic qualifications for financial connections.

27 Confessions From A Scholarship Student At A School For The Super-Rich

r/AMA provides valuable insights, empathy, and diverse perspectives, contrasting personal experiences with wealth realities in different social strata.

Documents Show How Top Colleges Secretly Admit Terrible Students, as Long as They're Wealthy

Top universities are accused of favoring wealthy applicants in admissions over higher-performing, lower-income peers.
Some universities have settled lawsuits that call out their admissions practices favoring the rich.
Allegations include detailed lists of favored applicants, disregarding academic qualifications for financial connections.

27 Confessions From A Scholarship Student At A School For The Super-Rich

r/AMA provides valuable insights, empathy, and diverse perspectives, contrasting personal experiences with wealth realities in different social strata.
moreeducation
#political-economy

Without Transformative Local Media, Our Communities Are Vulnerable

The ultrarich are gaining wealth while the working class struggles economically, highlighting a growing disparity that needs urgent attention.

Musk Slammed Trump's Treasury Pick. But Is Scott Bessent Really That Moderate?

Donald Trump combines populist rhetoric with oligarchic principles, prioritizing wealth and financial metrics while surrounding himself with affluent advisors.

Nature, Culture, and Inequality by Thomas Piketty review mind the gap

Piketty emphasizes that wealth inequality is influenced by politics and collective action, challenging the notion of inevitable disparities in market economies.

Without Transformative Local Media, Our Communities Are Vulnerable

The ultrarich are gaining wealth while the working class struggles economically, highlighting a growing disparity that needs urgent attention.

Musk Slammed Trump's Treasury Pick. But Is Scott Bessent Really That Moderate?

Donald Trump combines populist rhetoric with oligarchic principles, prioritizing wealth and financial metrics while surrounding himself with affluent advisors.

Nature, Culture, and Inequality by Thomas Piketty review mind the gap

Piketty emphasizes that wealth inequality is influenced by politics and collective action, challenging the notion of inevitable disparities in market economies.
morepolitical-economy

Americans under 40 are richer than ever, but still feeling money woes

Young Americans are wealthier than ever yet feel economically fragile due to rising costs and job market challenges.
#trump-administration

Elon Musk is on track to be a trillionaire if America doesn't turn against him first | Arwa Mahdawi

Elon Musk's strategic political investments have significantly boosted his wealth, demonstrating the interconnectedness of business and politics.

Survival of the richest: Trump, climate and the logic of the doomsday bunker | Jonathan Watts

Trump's election signifies a dangerous shift towards prioritizing personal survival and wealth accumulation, undermining global environmental efforts.

Why the wealth of billionaires in the Trump Cabinet matters

The incoming Trump administration's cabinet highlights the trend of wealth accumulation in political power, with significant implications for policymaking.

With Trump's election, extending expiring tax cuts should be 'easy'

Trump and Republicans are likely to extend individual tax cuts that primarily benefit wealthy households, increasing national debt.

What Trump Means for Tips

The first Trump administration significantly boosted luxury spending among affluent diners and servers, leading to record financial gains for restaurant workers.

Elon Musk is on track to be a trillionaire if America doesn't turn against him first | Arwa Mahdawi

Elon Musk's strategic political investments have significantly boosted his wealth, demonstrating the interconnectedness of business and politics.

Survival of the richest: Trump, climate and the logic of the doomsday bunker | Jonathan Watts

Trump's election signifies a dangerous shift towards prioritizing personal survival and wealth accumulation, undermining global environmental efforts.

Why the wealth of billionaires in the Trump Cabinet matters

The incoming Trump administration's cabinet highlights the trend of wealth accumulation in political power, with significant implications for policymaking.

With Trump's election, extending expiring tax cuts should be 'easy'

Trump and Republicans are likely to extend individual tax cuts that primarily benefit wealthy households, increasing national debt.

What Trump Means for Tips

The first Trump administration significantly boosted luxury spending among affluent diners and servers, leading to record financial gains for restaurant workers.
moretrump-administration

The big picture: Tony Docekal explores community and freedom in the US west

Docekal's work juxtaposes societal ideals of freedom with the harsh realities of poverty, examining true prosperity as rooted in community rather than material wealth.
#social-media

The Luigi problem - 48 hills

The celebration of a corporate executive's murder reflects deep-rooted anger towards wealth inequality and the health insurance sector.

The UnitedHealthcare shooter got exactly what he wanted

The glorification of accused criminals in media can contribute to a harmful cycle of violence and societal unrest.

The Luigi problem - 48 hills

The celebration of a corporate executive's murder reflects deep-rooted anger towards wealth inequality and the health insurance sector.

The UnitedHealthcare shooter got exactly what he wanted

The glorification of accused criminals in media can contribute to a harmful cycle of violence and societal unrest.
moresocial-media
#tax-policy

Bill Gates Says He Would Tax The Rich, Including Himself | Entrepreneur

Bill Gates acknowledges extreme wealth exists but believes in higher taxes for the ultra-rich to address inequalities.

Death and Taxes

The federal estate tax is losing effectiveness, collecting far less due to policy changes despite wealth growth among the richest Americans.

US Could Fully Fund Social Security by Targeting Wealthy Tax Dodgers, Wyden Says

Sen. Ron Wyden proposed taxing the ultra-wealthy to fund Social Security rather than cutting benefits, highlighting a critical funding solution.

This Decades-Old Legal Loophole Allows Billionaires to Avoid Medicare Taxes

Billionaires on Wall Street often avoid Medicare tax obligations through complex strategies and tax loopholes, unlike most working Americans.

The reality of Kamala Harris' plan to tax unrealized capital gains

Kamala Harris endorsed a tax on unrealized capital gains impacting only the wealthiest, sparing most tech founders.

What is inheritance tax and why might Reeves target it in her budget?

Inheritance tax changes may be proposed to close loopholes benefiting the wealthy and raise revenue, amidst rising property values pulling more estates into the tax net.

Bill Gates Says He Would Tax The Rich, Including Himself | Entrepreneur

Bill Gates acknowledges extreme wealth exists but believes in higher taxes for the ultra-rich to address inequalities.

Death and Taxes

The federal estate tax is losing effectiveness, collecting far less due to policy changes despite wealth growth among the richest Americans.

US Could Fully Fund Social Security by Targeting Wealthy Tax Dodgers, Wyden Says

Sen. Ron Wyden proposed taxing the ultra-wealthy to fund Social Security rather than cutting benefits, highlighting a critical funding solution.

This Decades-Old Legal Loophole Allows Billionaires to Avoid Medicare Taxes

Billionaires on Wall Street often avoid Medicare tax obligations through complex strategies and tax loopholes, unlike most working Americans.

The reality of Kamala Harris' plan to tax unrealized capital gains

Kamala Harris endorsed a tax on unrealized capital gains impacting only the wealthiest, sparing most tech founders.

What is inheritance tax and why might Reeves target it in her budget?

Inheritance tax changes may be proposed to close loopholes benefiting the wealthy and raise revenue, amidst rising property values pulling more estates into the tax net.
moretax-policy

How One of the World's Richest Men Is Avoiding $8 Billion in Taxes

Jensen Huang's estate tax strategy exemplifies how the ultrawealthy evade significant tax burdens, impacting government revenue.

Letters: New Gilded Age

The article critiques the glorification of wealth and challenges current societal values regarding affluence and safety in the dairy industry.
#economic-policy

Universal basic income pros and cons -according to experts

Universal Basic Income (UBI) aims to reduce poverty by providing recurring cash payments to all residents without eligibility requirements.

Warren Buffett's death plan dodges taxes and will make his kids 'philanthropic titans,' says wealth inequality guru

Buffett's wealth transition aims to avoid taxes and empower his children, prompting concerns about wealth inequality and its impact on democracy.

Building an Economy with Purpose: The Transformative Potential of Baby Bonds - Non Profit News | Nonprofit Quarterly

The article advocates for baby bonds as a transformative tool for reducing wealth inequality and promoting equitable economic policies.

G20 Summit: Brazil's billionaire tax plan faces pushback DW 11/15/2024

Lula aims to advance a global tax on billionaires to address inequalities and fund urgent initiatives at the G20 summit.

From Thatcher to Trump and Brexit: my seven lessons learned after 28 years as Guardian economics editor

The free-market experiment has ultimately failed, resulting in a widening gap between rich and poor.

Universal basic income pros and cons -according to experts

Universal Basic Income (UBI) aims to reduce poverty by providing recurring cash payments to all residents without eligibility requirements.

Warren Buffett's death plan dodges taxes and will make his kids 'philanthropic titans,' says wealth inequality guru

Buffett's wealth transition aims to avoid taxes and empower his children, prompting concerns about wealth inequality and its impact on democracy.

Building an Economy with Purpose: The Transformative Potential of Baby Bonds - Non Profit News | Nonprofit Quarterly

The article advocates for baby bonds as a transformative tool for reducing wealth inequality and promoting equitable economic policies.

G20 Summit: Brazil's billionaire tax plan faces pushback DW 11/15/2024

Lula aims to advance a global tax on billionaires to address inequalities and fund urgent initiatives at the G20 summit.

From Thatcher to Trump and Brexit: my seven lessons learned after 28 years as Guardian economics editor

The free-market experiment has ultimately failed, resulting in a widening gap between rich and poor.
moreeconomic-policy

I'm a life coach for the children of the ultrawealthy. I see the same problems over and over again.

Children of the ultrawealthy often face unique emotional struggles that traditional therapy cannot address.
Life coaching can help these clients take action and engage with their emotions productively.
#social-mobility

The surprising truth about wealth and inequality in the West | Aeon Essays

Recent research suggests asset ownership expansion, not taxation or war, is the key driver of wealth equality in the last century.

George Osborne is a walking ad for a wealth tax. Labour should target the inheritocracy | Polly Toynbee

Inherited wealth reinforces social divides and impedes mobility, as demonstrated by ex-Politician George Osborne's financial successes post-retirement.

Calls for 10,000 citizen's inheritance' for all 30-year-olds

Proposing a 10,000 citizen's inheritance for 30-year-olds to address wealth inequality shifts between generations
Analysis shows millennials are set to inherit 1.5trn wealth, deepening current inequalities

The surprising truth about wealth and inequality in the West | Aeon Essays

Recent research suggests asset ownership expansion, not taxation or war, is the key driver of wealth equality in the last century.

George Osborne is a walking ad for a wealth tax. Labour should target the inheritocracy | Polly Toynbee

Inherited wealth reinforces social divides and impedes mobility, as demonstrated by ex-Politician George Osborne's financial successes post-retirement.

Calls for 10,000 citizen's inheritance' for all 30-year-olds

Proposing a 10,000 citizen's inheritance for 30-year-olds to address wealth inequality shifts between generations
Analysis shows millennials are set to inherit 1.5trn wealth, deepening current inequalities
moresocial-mobility

Billionaires are most likely to live in one of these 8 wealthy cities

The wealth gap is increasing as billionaires continue to thrive amidst economic struggles faced by the general population.
#philanthropy

Warren Buffett says his white male status gave him confidence early on that he would one day become rich

Warren Buffett attributes his success largely to being born a white male in America, acknowledging the role of luck in opportunities.

Bill Gates said if he were in charge of the US tax system he'd have paid 'tens of billions' more

Bill Gates advocates for a more progressive US tax system, believing it would significantly reduce his wealth but benefit society.

Don't hate billionaires like Jeff Bezos - they make our lives better, 2 experts say

Billionaires should be celebrated for their contributions to society rather than condemned, as they drive innovation and tackle global challenges.

Warren Buffett says his white male status gave him confidence early on that he would one day become rich

Warren Buffett attributes his success largely to being born a white male in America, acknowledging the role of luck in opportunities.

Bill Gates said if he were in charge of the US tax system he'd have paid 'tens of billions' more

Bill Gates advocates for a more progressive US tax system, believing it would significantly reduce his wealth but benefit society.

Don't hate billionaires like Jeff Bezos - they make our lives better, 2 experts say

Billionaires should be celebrated for their contributions to society rather than condemned, as they drive innovation and tackle global challenges.
morephilanthropy
#government-policy

Britain's wealth gap is growing, its malign effects seep into all aspects of life. It's a national disaster | Will Hutton

Wealth inequality in Britain poses a significant threat to societal well-being, comparable to climate change and terrorism, necessitating urgent action.

Darragh McCullough: Let's put a cap on farm inheritance tax relief to stop the super-rich hoovering up farmland - but it needs to be up around 5m

Capping land relief at €5m targets the ultra-wealthy, easing discontent from the €1m limit.

Britain's wealth gap is growing, its malign effects seep into all aspects of life. It's a national disaster | Will Hutton

Wealth inequality in Britain poses a significant threat to societal well-being, comparable to climate change and terrorism, necessitating urgent action.

Darragh McCullough: Let's put a cap on farm inheritance tax relief to stop the super-rich hoovering up farmland - but it needs to be up around 5m

Capping land relief at €5m targets the ultra-wealthy, easing discontent from the €1m limit.
moregovernment-policy
#climate-change

Carbon pollution from high flying rich in private jets soars

Private jet emissions have surged, contributing to the climate crisis and highlighting issues of wealth inequality in pollution.

Carbon emissions of richest 1% increase hunger, poverty and deaths, says Oxfam

The richest 1% are key contributors to global carbon emissions, impacting hunger and poverty.

Can Earth Support a Human Future? Maybe, If the Rich Consume Less.

The wealthiest 1% contribute immensely to greenhouse gas emissions, exacerbating climate change.

Used like taxis': Soaring private jet flights drive up climate-heating emissions

Private jet usage has caused a 50% increase in climate-heating emissions from 2019 to 2023, emphasizing the need to address emissions from the wealthy.

The ultra-rich are increasingly using private jets for short-term flights, racking up global emissions from a tiny fraction of the population

The increasing use of private jets by the wealthy is exacerbating climate change, with significant CO2 emissions from a small fraction of the population.

Superyacht and private jet tax could raise 2bn a year, say campaigners

Fair taxation on luxury items like superyachts and private jets can provide substantial funds to combat climate impacts on vulnerable communities.

Carbon pollution from high flying rich in private jets soars

Private jet emissions have surged, contributing to the climate crisis and highlighting issues of wealth inequality in pollution.

Carbon emissions of richest 1% increase hunger, poverty and deaths, says Oxfam

The richest 1% are key contributors to global carbon emissions, impacting hunger and poverty.

Can Earth Support a Human Future? Maybe, If the Rich Consume Less.

The wealthiest 1% contribute immensely to greenhouse gas emissions, exacerbating climate change.

Used like taxis': Soaring private jet flights drive up climate-heating emissions

Private jet usage has caused a 50% increase in climate-heating emissions from 2019 to 2023, emphasizing the need to address emissions from the wealthy.

The ultra-rich are increasingly using private jets for short-term flights, racking up global emissions from a tiny fraction of the population

The increasing use of private jets by the wealthy is exacerbating climate change, with significant CO2 emissions from a small fraction of the population.

Superyacht and private jet tax could raise 2bn a year, say campaigners

Fair taxation on luxury items like superyachts and private jets can provide substantial funds to combat climate impacts on vulnerable communities.
moreclimate-change
#inheritance-tax

Farmers have hoarded land for too long. Inheritance tax will bring new life to rural Britain | Will Hutton

The conversation on society's good is increasingly dominated by wealth interests, undermining collective well-being.

Look at the farmers' protest, and then ask yourself: how will we ever make tax fairer amid such grumbling? | Polly Toynbee

IHT protests reflect deep societal dissatisfaction with wealth inequality and call for tax reforms.

All these sad stories of the stricken rich prove one thing: Labour's budget is on the money | Polly Toynbee

Labour's tax policies aim to address wealth inequality by targeting affluent families and businesses for the funding of public services.

Farmers have hoarded land for too long. Inheritance tax will bring new life to rural Britain | Will Hutton

The conversation on society's good is increasingly dominated by wealth interests, undermining collective well-being.

Look at the farmers' protest, and then ask yourself: how will we ever make tax fairer amid such grumbling? | Polly Toynbee

IHT protests reflect deep societal dissatisfaction with wealth inequality and call for tax reforms.

All these sad stories of the stricken rich prove one thing: Labour's budget is on the money | Polly Toynbee

Labour's tax policies aim to address wealth inequality by targeting affluent families and businesses for the funding of public services.
moreinheritance-tax

G20: Lula faces high stakes on climate, taxing billionaires DW 11/14/2024

Lula aims to advance a tax on billionaires to combat global inequality at the G20 summit.

Digested week: Trump-voting trad wives and the fabulously monstrous Martha Stewart

Trump's re-election highlights deep societal divides and the impact of wealth inequality on American politics.

Thursday Morning What's Up: SFPD Seizes Four Pounds of Fentanyl In Bust

SFPD arrests three individuals and seizes over four pounds of suspected fentanyl amid ongoing narcotics trafficking concerns.
Protests at UC Berkeley show student engagement in political issues following election outcomes.
Debates over Oakland Airport's name reflect broader regional identity discussions.
#billionaires

Democrat billionaires at the DNC want you to know: Billionaires are eeeeeevil

Democrats criticize billionaires while many party members, including leaders, are themselves billionaires, showcasing hypocrisy in their economic narratives.

As the American Dream dies, Americans struggle with their billionaires

American sentiment towards billionaires is shifting, emphasizing accountability and fairness in an economy that favors the wealthy.

The Wealthiest Women in the World

Most of the wealthiest women billionaires are heiresses.

Trump's victory adds record $64bn to wealth of richest top 10

Wealth of the world's 10 richest surged dramatically post-Trump's election, primarily due to rising US stock prices and investor optimism for low taxes.

Bernie Sanders Spars With Fox's Hillary Vaughn Over Proposed 32 Hr Work Week: Excuse Me!'

Sanders proposes a 32-hour workweek bill without pay reduction
Sanders emphasizes the need for fair taxation on billionaires

So far it's a grand decade for billionaires, says new report. As for the masses ...

Billionaires' wealth has grown three times the rate of inflation since 2020
Oxfam report highlights the growing wealth inequality and its impact on billions of people

Democrat billionaires at the DNC want you to know: Billionaires are eeeeeevil

Democrats criticize billionaires while many party members, including leaders, are themselves billionaires, showcasing hypocrisy in their economic narratives.

As the American Dream dies, Americans struggle with their billionaires

American sentiment towards billionaires is shifting, emphasizing accountability and fairness in an economy that favors the wealthy.

The Wealthiest Women in the World

Most of the wealthiest women billionaires are heiresses.

Trump's victory adds record $64bn to wealth of richest top 10

Wealth of the world's 10 richest surged dramatically post-Trump's election, primarily due to rising US stock prices and investor optimism for low taxes.

Bernie Sanders Spars With Fox's Hillary Vaughn Over Proposed 32 Hr Work Week: Excuse Me!'

Sanders proposes a 32-hour workweek bill without pay reduction
Sanders emphasizes the need for fair taxation on billionaires

So far it's a grand decade for billionaires, says new report. As for the masses ...

Billionaires' wealth has grown three times the rate of inflation since 2020
Oxfam report highlights the growing wealth inequality and its impact on billions of people
morebillionaires
#economic-challenges

Rent Increases Are Driving Inflation - and Pessimism About Economy Under Biden

Wealth inequality persists despite economic growth
Housing crisis exacerbates economic challenges

Dave Ramsey gives this direct and perfectly accurate take on the reason behind why rich people stay rich

Compounding is a crucial factor that allows the wealthy to grow their wealth, even during tough economic times.

Rent Increases Are Driving Inflation - and Pessimism About Economy Under Biden

Wealth inequality persists despite economic growth
Housing crisis exacerbates economic challenges

Dave Ramsey gives this direct and perfectly accurate take on the reason behind why rich people stay rich

Compounding is a crucial factor that allows the wealthy to grow their wealth, even during tough economic times.
moreeconomic-challenges

An excess of billionaires is destabilising politics just as academics predicted

Elite overproduction signifies a surplus of wealthy individuals without corresponding elite roles, leading to potential political instability.

Billionaires carbon emissions need reigning in, says Oxfam

Tech billionaires' luxury lifestyles lead to extreme carbon emissions that far exceed those of the average individual, exacerbating global inequality and environmental issues.
#labour-party

Readers say Starmer needs time and space to clean out the Tories'

Keir Starmer's Labour government aims to tackle wealth inequality and public service issues while facing media criticism.

From football matches to Taylor Swift tickets, Starmer's penchant for perks is a disconcerting trait | Owen Jones

Labour's recent policies under Keir Starmer reflect choices leading to increased poverty for children and vulnerable populations, alongside a lack of taxation on the wealthy.

Dozen Labour MPs join call for 'extreme wealth' tax

A group of Labour MPs are pushing for a new extreme wealth tax to address growing inequality and fund public services.

Readers say Starmer needs time and space to clean out the Tories'

Keir Starmer's Labour government aims to tackle wealth inequality and public service issues while facing media criticism.

From football matches to Taylor Swift tickets, Starmer's penchant for perks is a disconcerting trait | Owen Jones

Labour's recent policies under Keir Starmer reflect choices leading to increased poverty for children and vulnerable populations, alongside a lack of taxation on the wealthy.

Dozen Labour MPs join call for 'extreme wealth' tax

A group of Labour MPs are pushing for a new extreme wealth tax to address growing inequality and fund public services.
morelabour-party

UK's top 100 earners paid 39 million each in income and capital gains and these geese are hissing - London Business News | Londonlovesbusiness.com

The top 100 UK taxpayers paid £3.9 billion in 2022/23, highlighting the economy's dependency on a few wealthy individuals.

Orson Welles Narrates an Animated Parable About How Xenophobia & Greed Will Put America Into Decline (1971)

'Freedom River' remains relevant, reflecting ongoing issues of xenophobia, race, and wealth in America.
#economic-growth

UK wealth gap surges by nearly 50% in under a decade, research finds

The wealth gap in the UK has worsened significantly, creating systemic risks that threaten social stability and democracy.

Modi builds highways but where are our jobs?': rising inequality looms over India's election

India's super-rich elite are growing rapidly, with lavish displays of wealth becoming more common

UK wealth gap surges by nearly 50% in under a decade, research finds

The wealth gap in the UK has worsened significantly, creating systemic risks that threaten social stability and democracy.

Modi builds highways but where are our jobs?': rising inequality looms over India's election

India's super-rich elite are growing rapidly, with lavish displays of wealth becoming more common
moreeconomic-growth

The game remains the same

The primary goal of division is to distract the public and maintain power among the elite.

3 US-based academics awarded the Nobel Prize in economics for their work on wealth inequality

Daron Acemoglu, Simon Johnson, and James A. Robinson won the 2024 Nobel Prize for their research on how institutions influence wealth inequality.
#real-estate

For Millennials, Bitcoin Is the New Real Estate

Younger generations in top-tier Asian cities face financial struggles with real estate due to rising prices and burdensome mortgages, limiting wealth accumulation.

Homeowners are sitting on more than $35 trillion in equity

Home equity reached an all-time high of $35.1 trillion, significantly increasing from previous years, indicating wealth accumulation among homeowners.

For Millennials, Bitcoin Is the New Real Estate

Younger generations in top-tier Asian cities face financial struggles with real estate due to rising prices and burdensome mortgages, limiting wealth accumulation.

Homeowners are sitting on more than $35 trillion in equity

Home equity reached an all-time high of $35.1 trillion, significantly increasing from previous years, indicating wealth accumulation among homeowners.
morereal-estate
#political-strategy

Democrats can't figure out their stance on billionaires

Democrats face internal conflict over courting billionaires while addressing economic inequality.

Fionnan Sheahan: Morally bankrupt, fiscally amnesiac and nakedly political - Budget 2025 has more money than sense in attempt to buy election

A €1.4m security hut raises concerns about financial prioritization at the Department of Finance under Paschal Donohoe.

Democrats can't figure out their stance on billionaires

Democrats face internal conflict over courting billionaires while addressing economic inequality.

Fionnan Sheahan: Morally bankrupt, fiscally amnesiac and nakedly political - Budget 2025 has more money than sense in attempt to buy election

A €1.4m security hut raises concerns about financial prioritization at the Department of Finance under Paschal Donohoe.
morepolitical-strategy

How Proposed SEC Disclosure Requirements Could Help Workers

The SEC's human capital management disclosures may improve labor market transparency and help employees assess working conditions.

Bill Gates says the rich would be a lot poorer if he set taxes - but banning billionaires isn't on his agenda

Bill Gates would make the wealthy about two-thirds poorer through tax reforms, yet he does not support outlawing billionaires like Bernie Sanders advocates.

Why America is a Nation of Growing Inequality and Diminishing Returns | Entrepreneur

America is facing a necessary economic correction with rising financial distress among higher-income earners and millennials prevailing.

The illegal maneuvers the rich use to get richer

Wealthy individuals often evade taxes and engage in illegal activities to increase their wealth with little concern for legal consequences.

Bill Gates and other billionaires can learn from MacKenzie Scott's giving, a philanthropy expert says

Billionaires like Bill Gates wield significant influence in philanthropy; experts suggest learning from MacKenzie Scott's more effective, hands-off approach.

Comedian Escorted Away from Nancy Pelosi After Asking Her What Stocks To Buy: Greatest Options Trader Of All Time!'

Strenger's stunt underscores the tension between political power and personal wealth, reflecting public skepticism towards elite politicians.

If You Do Most Of These Things, You Probably Don't Need To Worry About Kamala's Tax Plan

Kamala Harris's tax proposal aims to tax the ultra-wealthy without raising taxes on those making less than $400,000.

Two takes on billionaires at the DNC

Illinois Governor J.B. Pritzker used his billionaire status to criticize Donald Trump during the Democratic National Convention.

I love it that a two-year-old's paintings have created such a buzz. His brush with branding, less so | Nell Frizzell

A toddler artist has secured lucrative brand deals, highlighting art's controversial nature and wealth disparity.
#middle-class-decline

This is how AI can revive America's middle class

The top 1% of U.S. earners hold more wealth than the entire middle class, amidst a declining middle class over the past decades.

What Income Level is Considered Middle Class in Your State?

Wealth inequality in the US persists, with the rich getting richer and the poor getting poorer, impacting the middle class.
Defining middle-class status is not straightforward and can vary based on disposable income, financial stability, and lifestyle choices.

This is how AI can revive America's middle class

The top 1% of U.S. earners hold more wealth than the entire middle class, amidst a declining middle class over the past decades.

What Income Level is Considered Middle Class in Your State?

Wealth inequality in the US persists, with the rich getting richer and the poor getting poorer, impacting the middle class.
Defining middle-class status is not straightforward and can vary based on disposable income, financial stability, and lifestyle choices.
moremiddle-class-decline

A new election debate: Should India take from the rich, give to the poor?

Wealth distribution central in India's election dynamics.

What Is a Decent Wage'? France's Michelin Raises a Debate.

Michelin announced a plan to guarantee all employees a decent wage worldwide to ensure financial stability and address wealth inequality within the company.

Bernie Sanders sees red lights flashing for election Bernie Sanders sees red lights flashing for election - Harvard Gazette

Growing income, wealth, and political inequality is a major concern highlighted by Senator Bernie Sanders.

Opinion | It's Time to End the Quiet Cruelty of Property Taxes

Property taxes contribute to racism and wealth inequality
Local officials and tax assessments perpetuate disparities

These Companies Pay Their Executives More Than They Pay in Taxes

Many major U.S. companies pay their top executives more than they pay the IRS, including Tesla, Ford, Netflix, and T-Mobile.
Corporate tax dodging and excessive CEO pay are significant issues that President Biden aims to address by making big corporations and the wealthy pay their fair share of taxes.

Solidarity and strategy: the forgotten lessons of truly effective protest

Oligarchic minority rules due to extreme wealth
Organized numbers are crucial for societal power

Young Reporter: The Ethical Dilemma of Elite Wealth - Favour Osibodu, HGS

Wealth inequality is on the rise globally with a small percentage of ultra-rich individuals holding a significant amount of wealth.
Super-rich individuals potentially have a humanitarian duty to use their wealth for global poverty alleviation.

Racial wealth gap widens despite wage progress

Wage gains for Black Americans have outpaced those for white people since the pandemic, but wealth inequality has deepened.
All three racial groups saw gains in home values, but differences in stock market gains contributed to wealth disparities.
The overall real net worth of white households is higher than that of Black and Hispanic households.

Tlaib: Meta's Taxes Would Drop From 25 Percent to -2 Percent Under New Tax Bill

Progressive Rep. Rashida Tlaib opposes the bipartisan tax bill that gives tax cuts to corporations and the rich.
The bill also includes a partial revival of the expanded child tax credit, but lowers the total and imposes income limits for the poorest families.

Poll: 74 Percent of Millionaires in G20 Countries Support Higher Taxes on Wealth

74% of millionaires in G20 countries support higher taxes on extreme wealth to address the cost-of-living crisis and improve public services.
More than 70% of respondents believe that wealth helps buy political influence and see extreme concentrations of wealth as corrosive to democracy.

World's 5 Richest Men Have Added $14M to Their Wealth Every Hour Since 2020

Elon Musk's wealth multiplied by over 700% between March 2020 and November 2023.
The world's five richest men more than doubled their wealth between 2020 and 2023.
#wealth inequality

Britain's rich are living in a golden era. Labour should not be scared to end it | Andy Beckett

Growing wealth inequality in the UK has led to a stark divide between the rich and the poor
Austerity policies implemented by the Conservative government since 2010 have exacerbated the funding crisis in public services

AI's future: the decision is yoursor is it?

Technological advancements have led to greater wealth inequality, making it unlikely that AI will lead to a more equitable distribution of wealth and resources.
The debate around AI is disproportionately influenced by the super-rich, limiting other perspectives from being heard.

Britain's rich are living in a golden era. Labour should not be scared to end it | Andy Beckett

Growing wealth inequality in the UK has led to a stark divide between the rich and the poor
Austerity policies implemented by the Conservative government since 2010 have exacerbated the funding crisis in public services

AI's future: the decision is yoursor is it?

Technological advancements have led to greater wealth inequality, making it unlikely that AI will lead to a more equitable distribution of wealth and resources.
The debate around AI is disproportionately influenced by the super-rich, limiting other perspectives from being heard.
morewealth inequality
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