Systemic barriers prevent average investors from capitalizing on potentially lucrative or riskier opportunities, which can exacerbate their financial vulnerability.
(Shutterstock)
While Warren Buffet’s ‘buy low, sell high’ strategy has proven extremely successful for himself, it’s challenging for those without significant financial resources.
Cate Blanchett’s claim to be ‘middle class’ isn’t unique among the wealthy, or even the 1% she’s part of. Downplaying privilege among elites contributes to the problem of wealth inequality.
Uber wealthy couples are rather traditional when it comes to who works and who doesn’t.
EXTREME-PHOTOGRAPHER/E+ via Getty Images
Jill Yavorsky, University of North Carolina – Charlotte e Sarah Thebaud, University of California, Santa Barbara
While most heterosexual couples are dual-earners, super rich couples continue to have gender-traditional arrangements in which the man is the sole breadwinner.
Levying substantial taxes on the super-rich would lead to far more societal benefits than harms. What’s taking us so long?
(Shutterstock)
The costs of high taxes on the rich are likely only to be moderate. But the democratic, environmental, and health benefits are truly enormous and could transform society and dramatically.
It’s more necessary than ever before to re-examine the fundamentals of our economic order.
(Shutterstock)
Jiang oversaw China’s reemergence on the global stage, and sustained growth at home. But his policies also set the scene for excess and the growth of President Xi Jinping.
Elon Musk is the world’s wealthiest person.
Dimitrios Kambouris/Getty Images for The Met Museum/Vogue
The United States has more economic inequality than other wealthy nations.
Buildings sit in the water along the shore following Hurricane Fiona in Rose Blanche-Harbour Le Cou, Nfld. Fiona left a trail of destruction across much of Atlantic Canada.
THE CANADIAN PRESS/Frank Gunn
Amid a number of major crises, the world clearly needs radical change. But what will it look like? The desire to return to pre-pandemic ‘normal’ is powerful, but ‘normal’ is what got us where we are today.
People wait in line for a free morning meal in Los Angeles in April 2020. High and rising inequality is one reason the U.S. ranks badly on some international measures of development.
Frederic J. Brown/ AFP via Getty Images
The United States came in 41st worldwide on the UN’s 2022 sustainable development index, down nine spots from last year. A political historian explains the country’s dismal scores.
A new Gilded Age of media barons?
Charles Sykes/Invision/AP
The rising cost of groceries and gas is fueling the fastest increase in consumer prices in 40 years and widening the inflation gap between the rich and poor.
The Tesla CEO began to sell stock worth billions of dollars in late 2021.
AP Photo/Jae C. Hong
Marc Tassé, L’Université d’Ottawa/University of Ottawa
Highly compensated ‘enablers’ such as financial experts, lawyers, accountants, notaries, estate agents and company service providers are assisting oligarchs, dictators and criminals around the world.
Australia’s wealthiest person, Gina Rinehart, at the Melbourne Cup in 2016.
Julian Smith/AAP
Unconventional policies can be used to alleviate — instead of exacerbate — inequality, something Canadians are clamouring for. The Bank of Canada needs to rediscover its former innovation zeal.
Israeli diners with a ‘green pass’ get to enjoy a meal with friends.
Emmanuel Dunand/AFP via Getty Images
Economists estimate the tax on households worth over $50 million could bring in $3 trillion over 10 years, but it will run into constitutional challenges.
You might be surprised to find yourself in the company of Elon Musk and Jeff Bezos in the world’s richest 1%. This has big implications for planetary survival.