Friday, May 23, 2025

Tag: income inequality

Billionaires urge world leaders for higher wealth taxes at Davos Summit

Millionaires and billionaires, often seen as beneficiaries of global economic policies, are advocating for higher taxes on their wealth.

Billionaires’ wealth skyrockets by 114% amid global poverty surge

This extraordinary accumulation of wealth comes at a time when nearly 5 billion people globally grapple with the challenges of inflation, war, and the climate crisis, slipping further into poverty.

Minimum wage rises across 22 states ushering in new era for...

The impact of these wage hikes will be closely watched as the nation grapples with economic challenges and seeks to balance the needs of workers and businesses.

Escalating crisis: A deep dive into America’s surging homelessness rates

Homelessness is a nationwide issue, but its impact varies significantly across states.

Amazon’s Black Friday fiasco: over 1000 workers rebel in historic pay...

As Black Friday sales surged, Amazon faced an unprecedented labor revolt. Over a thousand workers across the globe downed tools in a landmark strike, challenging the retail giant on wages and working conditions in a historic show of worker solidarity.

United Nations expert castigates Amazon, Walmart, DoorDash over ‘disgraceful’ labor practices

UN rapporteur challenges corporate giants on poverty wages and labor violations.

Richest 1% took 38% of new global wealth since 1995. The...

"If there is one lesson to be learnt from the global investigation, it is that inequality is always a political choice."

Can we conquer our grand dynastic family fortunes?

We most certainly can. We have history on our side.

Bill, Melinda, and the burden of grand fortune

All relationships, not just romantic couplings, tend to be twisted by wealth.

American billionaires’ net worth up $931 billion since start of COVID-19...

The total collective wealth of American billionaires is "nearly double the $2.1 trillion in total wealth held by the bottom half of the population, or 165 million Americans."

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Hundreds dead from hunger in Gaza as Netanyahu vows to empty the strip

As children die from hunger and medicine shortages, global outrage mounts over what critics call a campaign of extermination in Gaza, enabled by U.S. policy and a vision of forced displacement.

Elon Musk has the blood of 19 Kentuckians on his hands

DOGE cuts are killing Americans.

The country Trump seems dead set on imitating

The Trump administration has begun offering wealthy foreigners the chance to emigrate to the U.S. if they fork over $5 million for a so-called gold card—an alternative to the “green card.”

Trump’s ‘big beautiful bill’ slashes healthcare and food aid while delivering massive tax cuts...

New CBO analysis confirms steep losses for poorest Americans under GOP-backed plan as Medicaid, SNAP, and public programs are gutted to fund tax cuts for the top 1 percent.

States can take meaningful climate action, even without federal support: Study

The team also found that there was potential for state efforts to impact pollution in neighboring states.