A push in California to tax billionaires will be an important test of the political power of the rich – and the health of US democracy.
Articles on Wealth inequality
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There’s a widening divide between two Canadas: one marked by working-class misery and homelessness; the other by the unprecedented prosperity of the uber-wealthy. This wealth gap is unsustainable.
In the age of ‘whitened, straightened, veneered smiles’, the distance between ruined poor teeth and healthy, wealthy teeth is growing.
There is a great institutional need for strong inequality analysis. That’s why the world needs to establish an International Panel on Inequality.
SIgn up now for our online pre-budget event featuring IFS director Helen Miller and other leading tax and business experts
Wealth inequality is a growing problem, with the richest 20% of Australians owning more than 60% of our wealth. But for true happiness, more money is rarely enough.
Eat-the-rich films expose upper-class immorality and entitlement and offer revenge fantasies where those normally crushed by the system fight back or burn it all down.
The typical worker on the verge of retirement is due roughly $412,000 in this under-the-radar wealth.
Pope Francis has died at the age of 88, the Vatican has announced. 10 years ago, his encyclical, Laudato Si’, was published. This environmental text sought to move the Catholic Church and its concern with the Earth back into a leading role.
New research shows that Americans’ personal wealth is not enough to compensate for factors that affect how long people live, such as health behaviors, education or social support.
Donald Trump praises the 19th-century “reciprocal” tariff policy of former president William McKinley. But that strategy damaged the US economy – and the Republican Party.
The wealthiest areas in the US are almost 7 times richer than the poorest regions, a disparity that has nearly doubled since 1960.
Canada’s current carbon tax system is unpopular and not as effective as it should be. A progressive carbon tax system would help.
We found concerns about income inequality in Australia are strongly related to dissatisfaction with democracy. This suggests Australia’s satisfaction with democracy is at risk.
The Labour Party’s proposed capital income tax targets earners whose gains are missed by the current system. We explain how this is different from other taxes targeting the wealthy.
While Warren Buffet’s ‘buy low, sell high’ strategy has proven extremely successful for himself, it’s challenging for those without significant financial resources.
Cate Blanchett’s claim to be ‘middle class’ isn’t unique among the wealthy, or even the 1% she’s part of. Downplaying privilege among elites contributes to the problem of wealth inequality.
While most heterosexual couples are dual-earners, super rich couples continue to have gender-traditional arrangements in which the man is the sole breadwinner.
The costs of high taxes on the rich are likely only to be moderate. But the democratic, environmental, and health benefits are truly enormous and could transform society and dramatically.
Psychological and social perspectives on economy that were developed by 19th-century philosophers can help us re-imagine economics with a human face.
Top contributors
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Associate Professor in Urban Geography, The University of Melbourne
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Part-Time Professor of Economics, The New School
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Professor, Crawford School of Public Policy, Australian National University
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Professor, Department of Philosophy, University of Victoria
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Adjunct associate, Swinburne University of Technology
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Professor of Economics and Public Policy, ANU College of Arts and Social Sciences, Australian National University
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Emeritus Professor, Department of Political Economy, University of Sydney
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Professor of Economics, University of Michigan
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Associate professor, University of Sydney
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Professorial Fellow and Co-Director, HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
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Professor, UTS Business, University of Technology Sydney
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Professor of Housing & Social Policy, HHAUS Housing, Homelessness & Urban Studies, Swinburne University of Technology
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Professor Emerita of Law, Vanderbilt University
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Professor of Business and Society, University of Technology Sydney
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Associate Research Professor of Information Systems, Arizona State University; Institute for Humane Studies