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.
Arun Advani, University of Warwick; Andrew Lonsdale, London School of Economics and Political Science et Andy Summers, London School of Economics and Political Science
New research shows only 3% of the population paid any capital gains tax in the last decade.
The historical correlation between economic prosperity and increased life expectancy might suggest that growth is generally a good thing. However, other evidence points to the downside of growth.
Emily Perkins’ ‘intoxicating’ new novel unfolds in the wake of a husband’s corruption scandal – which threatens his wife’s carefully curated lifestyle brand and forces her to question everything.
One of the gifts that Prime Minister Modi gave to President Biden symbolizes the recipient’s having seen 1,000 full moons, implying a long and auspicious life.
Susan St John, University of Auckland, Waipapa Taumata Rau
Forget wealth or capital gains taxes, a straight tax on housing equity – exempting most homeowners – would be a simple and efficient way to break the circuit of inequality.
Professor of Economics, Department of Economics, Deakin Business School and Alfred Deakin Institute for Citizenship and Globalisation, Deakin University