Oxfam | The amount of untaxed wealth hidden offshore by the richest 0.1 percent exceeds the entire wealth of the poorest half of humanity (4.1 billion people), reveals new Oxfam analysis published today ahead of the 10th anniversary of the Panama Papers. The findings show that, a decade later, the s...
The Guardian | Never before in American history have so few had so much wealth and power. Today, the top one per cent owns more wealth than the bottom 93%. One man, Elon Musk, worth $805bn, owns more wealth than the bottom 53% of American households.
And that inequality is getting worse. Last year...
idw | In recent decades, income and wealth disparities have widened significantly in many European countries. At the same time, support for populist parties has grown. Previous studies have already pointed out that rising inequality may be contributing to the growth of populist movements. But how ca...
Jacobin | Some on the Left believe that the capitalist system will not tolerate any greater interventions in its operation or redistribution of its spoils. There is no good evidence that this is true.
Source. Jacobin.
The Guardian | The country’s 900 billionaires have far too much influence over our government and economy. Here’s how we can reduce the power of the ultra-rich.
Source: The Guardian.
The Insider | In early February, Elon Musk’s net worth topped the $800 billion mark, a new record for the richest man in history. Today, the combined fortunes of the dozen wealthiest Americans exceeds $2 trillion — four times more than the total in 2020. A similar trend is visible far beyond the Uni...