Uber wealthy couples are rather traditional when it comes to who works and who doesn’t.
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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?
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.
Psychological and social perspectives on economy that were developed by 19th-century philosophers can help us re-imagine economics with a human face.
Jiang Zemin oversaw the economic transformation of China.
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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.
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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?
Media ownership has consolidated around a handful of billionaires – and that might not be great for democracy.
Not all baskets are created equally.
Gina Ferazzi/Los Angeles Times via Getty Images
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
Giving away stock that has soared and that the donor has owned for at least a year makes the biggest dent in what share the IRS takes.
In 1992 64% of the top 1% had been there the year before. By 2017 that proportion had grown to 73%.
The world’s wealthiest people wouldn’t be able to shield their riches from tax authorities without enablers.
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.
The wealth of the top 200 Australians has risen by A$56 billion to a staggering $480 billion.
A woman walks past the Bank of Canada building in Ottawa in September 2017.
THE CANADIAN PRESS/Adrian Wyld
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
The pandemic has exposed inequalities in society. There is concern that tying freedoms to vaccinations may further disadvantage vulnerable groups.
Waiting in line for a vaccine at the Balboa Sports Complex in Encino, California.
Mel Melcon/Los Angeles Times via Getty Images
No one likes a long line. But privileging the rich and powerful – as has often been the case – may undermine trust in the vaccine rollout.
Sen. Elizabeth Warren argues that her plan is constitutional.
AP Photo/Susan Walsh
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.
Finance Minister Chrystia Freeland gets a fist bump from Prime Minister Justin Trudeau after delivering the 2020 fiscal update in the House of Commons on Nov. 30, 2020.
THE CANADIAN PRESS/Sean Kilpatrick
The pace of federal government action to date does not align with the urgency of the twin climate and inequality crises. The latest fiscal update doesn’t go far enough on either crisis.
Voters who own housing are strongly invested in increasing the value of their wealth-generating assets. And they strongly favour the Coalition, which knows to protect their interests.