Tag Archives: wealth

Social and economical inequalities

inequalities and the number of individuals who fall below the threshold of Keywords: Inequality, social disparity, economic growth, development, gender disparities and environmental degradation; inequalities caused by globalization Jul 23, 2013 Is it surprising that in the aftermath of the financial crisis, in a global economy growing on credit, physical assets like land and crops are gaining The Russell Sage Foundation’s program on Social Inequality supports innovative research on whether rising economic inequality has affected social, political, achievement gap and racial and economic inequality as “natural” facts that result from inherent group differences, rather than viewing them as socially. […]

“Snob zoning” aggravates income equality in cities: Sean Speer in Sun papers

Sean Speer

Sean Speer argues Margaret Atwood’s opposition to development in her Toronto neighbourhood is a hypocritical stance that will further exacerbate income inequality and social mobility issues.

Author Margaret Atwood has recently come out against an eight-storey condo development in her Toronto neighbourhood on the grounds that it will lead to noise, less privacy, and fewer trees. Her outspoken opposition has produced a considerable social media backlash. Rightly so.

It requires a healthy dose of cognitive dissonance to lament the state of income inequality in the country, as the author of The Handmaid’s Tale does frequently, and then champion housing policies […]

Vince Cable warns inherited wealth is fuelling inequality

Vince Cable

The way "inherited wealth" is taxed must be overhauled to tackle widening inequalities and improve social mobility, Sir Vince Cable will say.

In his first big speech since becoming Lib Dem leader, he will call for a review of taxes on property and other assets passed down the generations.

While taxing income more would be counter-productive, he will say council tax is "outdated" and needs reform.His comments come amid warnings that the UK’s economic model is "broken".In a new report, the IPPR Commission on Economic Justice – whose members include the Archbishop of Canterbury Justin Welby – is proposing a sweeping […]

Liberal Democrats to tax the rich in bid to reduce inequality and steal Labour voters

vince-cable.jpg

Vince Cable will cite the impact of the Grenfell Tower fire as showing ‘something stirring around the idea of inequality’ ​ Vince Cable will commit the Liberal Democrats to higher wealth taxes to woo Labour voters and tackle inequality that risks “tearing” Britain apart.

Owners of big homes must pay more and inheritance tax must rise because the divide between rich and poor is making people unhappy and dragging down the economy, he will say.

Sir Vince, who became Lib Dem leader in July, is also exploring a pledge to hike capital gains tax to put it in line with income […]

Widening inequality is largely a US and UK phenomenon – why?

vince-cable.jpg

New Liberal Democrats party leader Vince Cable explains how we can tackle inequality In modern Britain, there is something stirring around the idea of inequality: something new and worrying. This is based on the observation that inequalities of income, wealth and opportunity, between classes, regions and generations, are worsening, and that Britain is becoming a more unequal society compared to its neighbours and its past. This inequality is not merely offensive to the sensibilities of progressive minded folk, but is doing serious damage to wider society and our economy.

Sometimes an event crystallises such feelings. The Grenfell Tower disaster wasn’t […]

Understand rising inequality


Frederick Solt, Yue Hu, Kevan Hudson, Jungmin Song, and Dong Erico Yu (Iowa): Economic Inequality and Belief in Meritocracy in the United States . Andrew Granato: “$330,000 in financial aid bought me a slot in the American meritocracy . Now I see its flaws” — we’re creating the new American aristocracy. To understand rising inequality, consider the janitors at two top companies, then and now. Mona Chalabi and Amanda Holpuch on what that Google memo didn’t tell you about pay inequality in America. No one measure of inequality tells the whole story: Income, wealth, and consumption should be considered […]

INCOME INEQUALITY SOCIAL MOBILITY

AND ECONOMIC GROWTH*

Federico Cingano, ELS Employment Analysis Division

*Source: OECD (2015) In It Together: Why less inequality benefits all OECD Publishing, Paris.2/15• Long-standing interest in data collection and analysis • Early works → mid 1970s; regular data collection → mid 1990s• Documented the (increasing) patterns of income inequality across MCs in many publications • Latest one warns: “The gap between rich and poor is at its highestlevel since 30 yearsâ€OECD work on income distribution …Shares of bottom, middle and top incomes in total income, OECD average 1985 to 2011/12, 1985 = 10.800.901.001.101.201985 1990 1995 2000 2005 2010Traditional definitionbottom 10% middle […]

Guest opinion: Workers need more protections this Labor Day


Labor Day is a time to reflect on the fight for workers’ rights and the contributions workers have made to strengthen the U.S. economy. As a former entrepreneur and business owner, I understand the value of having skilled, empowered employees and colleagues.

Nearly a decade ago, we endured the worst economic downturn since the Great Depression. From February 2008 to February 2010, the U.S. lost 8.7 million jobs. Over the next six and a half years, the economy slowly rebounded, but while more people are working, many people are still struggling because we still have not fully recovered from the […]

Social gap

In fact, it In the last few decades, the institutional contours of American social inequality have been transformed by the rapid growth in the prison and jail population. A quarter of a century ago, the average disposable income of the richest 10% in OECD countries was around seven Social capital and economic inequality moved in tandem through most of the twentieth century. That seems like a good enough reason to wait. Economic inequality (also known as the gap between rich and poor) consists of disparities in Social scientists and policy makers debate the relative merits and Jun 8, 2005 […]

BY JULIA B. ISAACS, The Brookings Institution

INTERNATIONAL COMPARISONS OF

ECONOMIC MOBILITY

reedom from the constraints of aristocratic society lured many of our ancestors tocross the ocean to the New World. European visitors such as Alexis de Tocqueville marveled at the economic dynamism and social mobility of American society in the first half of the nineteenth century.1 More recently, immigrants continue to cross our boundaries in search of the promise of the American Dream. Given this history, many Americans believe that the opportunities for moving up the economic ladder are greater in the United States than they arein other countries. But is this widely held assumption of greater […]