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The Latest Breaking News from Inequality

Billionaires with $1 salaries – and other legal tax dodges the ultrawealthy use to keep their riches

Ray Madoff, a Boston College law professor, has written a new book: “The Second Estate: How the Tax Code Made an American Aristocracy.” She recently spoke to Kara Miller, host of the podcast “It Turns Out,” about how the American tax system has changed over the past 40 years, widening…

The Conversation

Why we still don’t know who the rich are in India

India knows how to count the poor. From ration cards to multi-decade surveys such as the National Sample Survey , there are sophisticated systems to track deprivation – who’s getting by, who’s falling behind, who needs support.

Newslaundry

Most people aren’t fretting about an AI bubble. What they fear is mass layoffs

Artificial intelligence could make income inequality even worse and create a new underclass. Governments and society must take action

The Guardian - US

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Trump Gold Card: MAGA Supporters Accuse POTUS Of 'Grifting American Citizenship With No Shame'

Trump's new Gold Card scheme faces backlash from MAGA supporters who accuse him of "selling citizenship" as critics warn of inequality and legal challenges.

International Business Times UK

A tiny elite controls the lion's share of global wealth and power, says report

From wealth hoarding and tax breaks for billionaires to unpaid care work and climate damage, the World Inequality Report paints a picture of an economic order tilted towards a tiny ultra-wealthy minority.

Euronews

Just 0.001% hold three times the wealth of poorest half of humanity, report finds

Data from World Inequality Report also showed top 10% of income-earners earn more than the other 90%

The Guardian - UK

‘The patriarchy runs deep’: women still getting a raw deal in the workplace as equality remains a dream

Women work longer and per hour earn a third of what men are paid, in figures that have changed little in 35 years, UN report shows

The Guardian - UK

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The metaverse is ushering in a new era of behind-the-scenes exploitation

From ancient slavery to the factory floor, progress has often relied on the exploitation of human beings. We might like to believe those days are well behind us. But in the digital age, AI and the metaverse risk repeating that pattern with new forms of invisible labour and inequality.

The Conversation

Tower of London reopens after apple crumble thrown at crown jewels display

Four people arrested after civil-resistance group Take Back Power protest against inequality in the UK

The Guardian - UK

AI promises efficiency, but it’s also amplifying labour inequality

As artificial intelligence (AI) becomes more integrated into workplace systems and operations, it’s reshaping both how work tasks are completed and the very experience of work itself.

The Conversation

Voices: ‘Shame is a waste of time’: Readers on why extreme wealth doesn’t have to be a source of guilt

YOUR VIEWS: Our community argued that being wealthy isn’t inherently wrong, but guilt and accountability matter when wealth is hoarded or used irresponsibly

The Independent UK

AI race is faster than countries can adapt, threatening greater global inequality, UN report warns

Women and the youth are the most at risk of AI taking their jobs, and of the technology being biased against them.

Euronews

‘Posh-poor divide’: the rise in areas of England where wealth and deprivation appear side by side

Data shows increase in neighbourhoods where few metres of asphalt, hedgerow, or wall can separate deep inequality

The Guardian - UK

Bernie Sanders Says 530,000 Americans Go Bankrupt Paying Medical Bills Each Year — Attacks 'Unprecedented' Income And Wealth Inequality

Sen. Bernie Sanders (I-Vt.) on Sunday again cited an estimate of 530,000 medical bankruptcies a year, saying it shows why his Medicare for All plan is urgently needed.

Benzinga

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The Guardian - UK

The Guardian view on the inequality emergency: why a Nobel prize winner’s warning must be heeded

Editorial: Rising economic division is destabilising nations and eroding accountability. Joseph Stiglitz’s G20 blueprint offers a way toward global economic renewal

The Guardian - UK

‘We need to speak collectively’: can parliament solve the problem of ‘deprivation bingo’ in the UK’s seaside towns?

Labour knows it needs to win over the ‘sea wall’ cohort of coastal voters in the next election. But as anger over inequality grows, time is running out

International Business Times UK

MrBeast Deal With Rockefeller Foundation Goes Viral — Internet Says He's 'Joined the Inequality Machine'

MrBeast teams up with the Rockefeller Foundation to tackle global problems, sparking viral online reactions accusing him of joining the 'inequality machine'.

The Conversation

How visible displays of wealth make people support higher taxes – new study

In the middle of the ongoing cost of living crisis, exorbitant displays of wealth are back. Since the beginning of his term in January, US president Donald Trump has been literally bringing the gilded age back to the White House.

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The Guardian - UK

Bog People: A Working-Class Anthology of Folk Horror review – dark tales with a sting

This collection of macabre stories set across England explores class, hierarchy and the enduring nature of inequality

The Conversation

Friday essay: how societies evolved into fear-dominated goliaths – then collapsed

We think of ancient civilisations as operating very differently from the way our economy works today. Yet the Bronze Age Assyrians living in Mesopotamia, around 4,000 to 3,000 years ago, began the basis of modern capitalism, in a region spanning most of modern-day Iraq, eastern Syria and southeastern Turkey. The…

Benzinga

Billionaire John Morgan Says Income Inequality Is America's Top Threat—But His Solution Has Critics Calling Him Out

Billionaire Lawyer John Morgan believes the growing gulf between rich and poor Americans poses the nation’s gravest threat, yet his approach to solving it sparked fierce pushback during a July appearance on Jubilee’s video series where strangers confronted him about his wealth.

The Guardian - AU

Australia doesn’t need another migration ‘debate’. We need leaders brave enough to tackle inequality for all

Taking the easy but misleading route of blaming migrants for economic insecurity only serves to stoke the already smouldering fires of racism

Everybody Loves Your Money

12 Ways “Reverse Racism” Myths Are Fueling Real Division

It’s one of those phrases that pops up in online arguments, at family dinners, and in casual office chatter: “reverse racism.” The term feels punchy, like it’s pointing out some hidden injustice, but in reality, it’s a concept that does far more harm than good. While it sounds like a…

The Guardian - UK

A wealth tax would be simple and fair – what’s not to like?

Letters: Readers respond to an article by Aditya Chakrabortty that said a 1% levy on the super-rich wouldn’t be enough to tackle Britain’s inequality

The Conversation

Global inequality is as urgent as climate change: the world needs a panel of experts to steer solutions

Given the escalating scale of inequality in the world, shouldn’t countries be banding together to set up an international panel on the issue, along the same lines as the Intergovernmental Panel on Climate Change (IPCC), the United Nations body set up to assess the science related to climate change? The…

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