Andrew Carr

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Don’t miss the big picture: Oxfam highlights inequality because #WealthIsPower | Mind the Gap

Author: Nick Galasso, Researcher, Economic Inequality and Governance, Oxfam America (@vngalasso)<p><i>Don’t let the technical debate overshadow Oxfam’s</i> …

Income Inequality

What Would Global Wealth Equality Look Like?

The Oxfam charity grabbed headlines this week with a report on global wealth inequality. Their primary data source was the (much more in-depth) …

Even plutocrats can see profound inequality isn’t in their interests

Not so long ago, inequality was a dirty word. The experience of my friend Branko Milanovic, the world’s foremost expert on global income inequality, was typical. “I was once told by the head of a prestigious thinktank in Washington DC that the thinktank’s board was unlikely to fund any work that …

Economics

Inequality in Asia: Exiled to Nowhere

<b>Asia's rapid economic growth in the past two decades has largely been depicted as a global turning point. According to Oxfam, UNDP and many of the</b> …

Geography

The digital economy is no leveller, it's a source of inequality

When we think about income and wealth inequalities we are tempted to lay blame on the old way of doing things. In Capital in the Twenty-First …

How Did 80 People Get Half of the World's Wealth?

Oxfam reports that just 80 people possess the same quantity of wealth as 3.5 billion others. On RT’s Crosstalk, economist Michael Hudson discusses …

Income Inequality

Low-wage workers suffer from snow day inequality

Much of the northeast is snowed in by Winter Storm Juno, but—as we've seen in the wake of other storms, like Hurricane Sandy—not all people are …

How much money do you need to join the super-rich?

<b>These days it is not enough just to be a millionaire to count yourself as one of the super-rich - you need to be worth between $50-100m (£33m-£66m).</b><p>While $50m is the starting point for serious wealth, "in reality your spending power and investing power really gets to the next level when you get to …

Mega rich buying boltholes with private airstrips to escape to in case poor ‘rise up’

Inequality Is Not Just About Wall Street: It’s In All 50 States

For many Americans, the popular image of the top 1%–those Americans who are wealthier than the other 99%–is focused on Wall Street, the symbolic home of America’s financial markets, and where so much of the nation’s record wealth has accrued. In much rhetoric, New York City’s megabanks and hedge …

Wall Street

Millionaires Are Also Worried About Rising Income Inequality

The growing income gap is one of the top economic concerns for American millionaires, topping terrorism and the budget deficit, according to a new study.<p>Fully 77 percent of Americans with investible assets of $1 million or more cited the "increasing income gap between poor and wealthy Americans" as …

Income inequality map: How much of each state's income goes to its top 1 percent.

Rising income inequality is a national issue. Actually, scratch that—it's a global issue. But at the same time, it's interesting to look at the rise …

High earners hit hardest in narrowing pay gap

Pay inequality has lessened in the UK during the past three years because the real wages of highly paid employees have fallen more steeply than those …

Robin Hood in Reverse

State and local taxes in the United States take the most from those who have the least, undermining efforts to redress inequality.<p>Those who earn the least pay the most in nearly every state across America. Or rather, the poorest citizens pay the highest proportion of their incomes to local and …

Income Inequality

New IRS data give fresh look at income inequality

WASHINGTON (MarketWatch) — Newly released tax data gives a fresh breakdown of income inequality in the United States.<p>The Internal Revenue Service …

Today's News: Gut-Wrenching Inequality Continues Unchecked

A new day dawns, and with it, a new detailed report laying out exactly how garishly unequal our national economic situation has become. Behold the …