Only in America, new stats show, could packing an incoming administration with gazillionaires be so easy.
The latest global wealth report out of the financial industry raises some fundamental questions about inequality and our global future.
Can we trust Oxfam’s latest numbers on global inequality? Critics don’t think we should. But their pushback is getting pushback.
A nationally prominent conservative academic is charging that critics of America’s top-heavy distribution of income and wealth are missing the bigger global picture. In the process, other economists are pointing out, he’s only fogging that picture up.
A tiny tax on global personal wealth over $1 million could ensure that no child anywhere has to live in extreme poverty. That’s the takeaway suggested by the data in new reports on wealth and income distribution from the Credit Suisse Research Institute and the World Bank.
The world’s wealthy gathered in the Swiss Alps once again last week to discuss how to ‘solve’ the world’s toughest problems. The world’s biggest problem, suggests one top global anti-poverty outfit, may be their fortunes and the extreme inequality these outsized fortunes so relentlessly create.
Americans haven’t heard much at all from Joe the Plumber this election cycle. A shame. Without his rants against sharing the wealth, no one’s bothering to debate how desperately America really needs to be sharing. The latest global wealth distribution comparisons from the Credit Suisse Research Institute drive that point home.
Europe’s big banks and vulture hedge funds should pay the price for austerity, not government workers and the poor.
Austerity budgets are spreading all across the world, at the same time wealth, new data show, has become more concentrated at the global economic summit than ever before. From Cairo to Palo Alto, California, even some conservative analysts are now talking wealth tax.
The world’s ultra rich, those 103,000 deep pockets with at least $30 million to invest, could afford to pay off the entire national debt of the world’s biggest deadbeat nations without having to sacrifice a single Rolls or Bentley. A new study from Merrill Lynch and Capgemini has details.