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.
Jill Yavorsky, University of North Carolina – Charlotte et 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.
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.
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.
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.
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.
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.
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.
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.
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.