Wealth inequality

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Election 2020 and Taxes — A Better Way To Address Wealth Inequality

The drums sound as to income and wealth inequality as an issue for the 2020 Democratic Presidential primaries.  The loudest voices calling for increasing taxes on owners, investors and entrepreneurs – with a view that raising taxes on high-end income families is a good in of itself. All this jawing on hiking taxes on owners/investors/entrepreneurs

5 ways to fight wealth inequality, according to economists

The rise of income inequality and the struggles of so many families to get ahead have shaken American politics across the spectrum. President Donald Trump invokes the plight of “the forgotten people.” Liberals call for massive new government programs. Wall Street titan Jamie Dimon proposes “a Marshall Plan for America.” Ideological conservatives warn of a

Workers paid by the hour are ‘always going to fall behind,’ making wealth inequality worse

Billionaire tech entrepreneur Mark Cuban has proposed a solution for income inequality that doesn’t involve dismantling capitalism: Business owners should give all their employees equity. “The biggest issue for entrepreneurs, for capitalists, for those of us who are successful is, if someone is only going to be paid by the hour...they’re always going to fall behind,” Cuban

How To Solve America’s $100 Trillion Problem Of Wealth Inequality

A recent study by the Federal Reserve reveals the shocking extent of accelerating wealth inequality in America. Out of America’s total assets of $114 trillion owned by Americans in 2018, the wealthiest 10% of Americans owned 70% (up from 61% in 1989), while the bottom 50% of American households had virtually no net worth at all—down from

Investors Worried About Wealth Inequality Should Focus on Fund Manager Compensation

Since Bill McGlashan, the cofounder of a prominent social and environmental impact investing fund, TPG Rise, was charged in the recent college admissions bribery scandal, people in the impact investing community have faced another fierce round of questions about their relationships with economic inequality, power, and privilege. Joining broader criticism of philanthropy and impact investing from Anand Giridharadas, Rob

Economic Inequality: What It Is and How It Impacts You

It's nearly impossible to read the news these days without running across mentions of economic inequality. In recent months, politicians have debated the merits of raising marginal tax rates on the wealthy, a move proponents say could reduce economic inequalities. Likewise, economic inequality takes center stage when columnists discuss the extreme riches of some of today's business

How Liberatory Philanthropy and Restorative Investing Can Remake the Economy

The past year ushered in a new level of poignant and popular critique of the business of philanthropy, catalyzing widespread discussion and debate about philanthropy’s role in perpetuating and exacerbating economic inequality and racial injustice. Books like Winners Take All by Anand Giridharadas and Edgar Villanueva’s Decolonizing Wealth became essential reading and struck a chord throughout the social

A better way to share the wealth

Many Washington conversations about inequality focus on income. The amount of money that American workers and families make is indeed important for their economic security—on average, wages and salaries account for nearly 80% of income for U.S. households. The income inequality and wage stagnation that have persisted for decades certainly pose threats to the health of

How the Financial Crisis Drastically Increased Wealth Inequality in the U.S.

We live in unequal times. The causes and consequences of widening disparities in income and wealth have become a defining debate of our age. Researchers have made major inroads into documenting trends in either income or wealth inequality in the United States, but we still know little about how the two evolve together — an important question to

Obama on wealth inequality: “There’s only so big a house you can have.’”

Former United States President Barack Obama believes that ballooning wealth inequality is a threat to society, and that those who have the means should help those who are less fortunate. “Right now I’m actually surprised by how much money I got,” the 44th President said in his address to more than 10,000 people gathered in Johannesburg, South Africa,

Employee Ownership is a Win-Win for Workers and Companies

Cathy Burch and her twin sister Deborah began working 27 years ago, at the age of 19. Cathy took a job at WinCo, a supermarket chain. Her sister went to work at a telephone company. Cathy stayed at WinCo; Deborah moved around. By 2014, an article in Forbes reports, Deborah had about $30,000 in retirement savings, fairly

How government policies in India and China are widening income inequality

Wealth inequality continues to grow, according to the 2018 edition of the World Inequality Report. In the past three decades, 28% of the aggregate increase in real incomes in North America and western Europe was captured by the top 1% of earners. The bottom half saw less than 10% of this increase. Inequality has also settled

Wealth inequality is even worse than income inequality

You probably know the numbers on income inequality by now: The share of all income going to the top 1 percent of Americans now stands at around 20 percent, which is a big and disturbing number. But what about wealth inequality? Income is a relatively straightforward matter of wages and compensation. Wealth is more mercurial: It can be a