Tag: wealth distribution
"Between 1989 and 2018, the top 1 percent increased its total net worth by $21 trillion."
Climate disruption is inextricably linked to economic inequality. Serious climate solutions must be, too.
Welfare in the U.S. flows vertically in two directions from a single source—the middle-class. The redistribution of wealth that flows up to the rich is far greater and more concentrated than the wealth that flows down to the poor. This is a major problem.
The newest business model using new technologies isn't just labor-replacing, it's knowledge-replacing. As the ratio of producers to customers continues to plummet, the profits go to an ever-smaller circle of executives and owner-investors.