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The Latest Breaking News from Inequality

Britain’s quarter century: wealth and widening inequality

In this second part in our series on how the UK has changed in the past 25 years, we look at the finances of both the nation and individuals, before turning to housing and business.

The Conversation

The Guardian view on ‘kidulthood’: Britain prices young adults out of independent life

Editorial: More young people live with parents as low wages, insecure work and unaffordable housing turn family support into another source of inequality

The Guardian - UK

Closing the Gap is failing, yet again. Is it time we do away with it altogether?

Every year, the Productivity Commission reports on the progress state and federal governments are making towards closing the gap in the gross inequality between Indigenous and non-Indigenous lives.

The Conversation

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Greens target data centres, corporate wealth in bid to win from voter angst

Can the Greens capitalise on anxiety about AI and growing inequality – or will a rival snatch the Opportunity?

Newsroom.co.nz

The homelessness scourge in cities like London, Ont., exposes the evils of wealth inequality

Ask any resident of the southern Ontario city of London, and they’ll likely to tell you that the downtown core of the community, especially Dundas Street, is a “no-go zone” or “zombieland.” What they’re referring to is the daily unfolding of the human tragedies of homelessness and rampant drug addiction…

The Conversation

120 millionaires have signed a letter begging the British government to tax them more: 'We can afford it'

Millionaires including Brian Echo, Gary Lineker, and Simon Pegg have signed a letter to U.K.’s prime minister asking for higher taxes to tackle inequality.

Fortune

Patriotic Millionaires: The group behind the super rich demanding they pay more tax

Millionaires in the UK and US are asking to pay their share by taxing wealth to raise money

The Independent UK

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'We Can Afford It': Over 100 UK Millionaires Urge Andy Burnham to Tax Them More to Fund Public Services

Over 120 UK millionaires, including Gary Lineker and Brian Eno, urge Prime Minister Andy Burnham to introduce higher taxes on the wealthy to fund public services and tackle inequality.

International Business Times UK

Ken Turner, the 100-year-old artist who flattened a Tesla with a tank: ‘I’m not a revolutionary, I’m a simple rebel’

The painter, sculptor and performance artist has devoted his life to making art available to the masses. Now with a new exhibition, the centenarian discusses inequality, inspiration, and why he won’t be stopping any time soon

The Guardian - UK

Paper leaks are the symptom, the jobs gold rush is the disease

India's economy features a limited number of well-paying jobs and many low-wage positions. Young people pursue selective education and government roles, seeking better opportunities. This intense competition mirrors a gold rush, wasting significant human resources. The system's flaws, not just exam leaks, breed inequality and underdevelopment. Investing in universal, quality…

The Economic Times

Wealth tax on UK’s super-rich could raise £10bn a year, Andy Burnham told

New PM urged to introduce a 2% minimum charge on households with more than £100m in wealth

The Guardian - UK

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

“I would like to see it so that every single CEO/founder/entrepreneur does what I did, which was to give equity to every single employee," Cuban said.

Fortune

Billionaire Mark Cuban Says If CEOs Get 10% of Pay in Stock, Janitors Deserve the Same Percentage — ‘That Will Change the Game’

Mark Cuban says income inequality won’t shrink through bigger paychecks alone. Instead, he wants every employee—from CEOs to janitors—to receive the same percentage of stock compensation.

Barchart

Andy Burnham government: Who could be the winners and losers in London?

Mr Burnham is set to announce landmark changes for Britain which could impact on millions of people

Evening Standard

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Benzinga

US Debt Surpasses 100% of GDP, AI's Impact on Wealth Inequality and More: This Week in Economy

As the week wraps up, let’s take a look at the top stories that made headlines. From the U.S. debt surpassing 100% of GDP to the warning issued by a top European venture capitalist, here’s a quick round-up of the week’s key events.

The Times of India

Philadelphia spent decades tracking its trees from space, but the hottest neighbourhoods are still losing the most greenery

Philadelphia has spent decades trying to become a greener, cooler city, planting trees and expanding parks in neighbourhoods that have historically had the least shade and the highest summer temperatures. Yet when researchers turned to four decades of satellite imagery to actually measure how the city's land cover has changed,…

The Guardian - US

Tripling US union membership would shift $1.2tn to workers annually – report

More density would also narrow racial pay gaps, while a decline in density correlated to surges in wealth inequality

The Conversation

Heat deaths are a public health crisis rooted in housing inequality

The heatwaves of late May and June killed an estimated 2,700 people in England and Wales, according to a recent analysis – around 550 in May, when west London hit 35.1°C, and 2,200 in June, as East Anglia reached 37°C.

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Benzinga

Palantir CEO Alex Karp Warns AI Could Become America's Biggest Driver of Wealth Inequality: 'You Now Have a Revolution Where…'

Palantir Technologies Inc. (NASDAQ:PLTR) CEO Alex Karp warned that AI could become the biggest driver of wealth inequality in the U.S., saying that while the technology is likely to improve the standard of living for the average person, the biggest gains will only go to those leading the AI industry.

International Business Times UK

'You're Not a Visionary, You're a C**t': London Poster Targets Elon Musk's Fortune Amid Global Hunger Crisis

A guerrilla poster in London criticises Elon Musk's trillionaire status, sparking debate over wealth inequality. The unauthorised advert questions Musk's decision not to address global hunger.

International Business Times

Wealth Inequality Gaps Are Narrowing. Now the K-Shaped Economy is Losing Its Shape, New Data Shows

For years, economists have described the U.S. recovery as "K-shaped," meaning higher-income households benefited disproportionately from rising asset values, stronger investment returns, and housing appreciation.

Benzinga

Bernie Sanders Says 'American Society Is in Decline,' Calls for Grassroots Movement

On Sunday, Sen. Bernie Sanders (I-Vt.) criticized growing economic inequality in the U.S. and urged supporters to build a grassroots movement focused on creating an economy that benefits working families.

International Business Times UK

75% of Americans Think Billionaires Hold Too Much Political Power: Bernie Sanders Says 'We're Taking Them On'

A recent survey shows 75% of Americans believe billionaires and corporations hold too much power in Washington, prompting Bernie Sanders to renew his critique of wealth concentration and economic inequality.

The Economic Times

Quote of the day by Diogenes: “To one who asked what was the proper time for lunch, he said, 'If a rich man, when you will; if a poor man..." — Greek philosopher's timeless lesson on wealth, hunger, luxury and inequality

Quote of the day by Diogenes: Diogenes' ancient quote “To one who asked what was the proper time for lunch, he said, ‘If a rich man, when you will; if a poor man, when you can" reveals stark differences between the wealthy and the poor. It shows how privilege dictates…

International Business Times UK

GTA 6 Developer Accused of Toxic Workplace, From Gender Pay Gap to 'Weaponised' Bonuses

The Rockstar Game Workers Union alleges overtime, pay inequality, and bonus manipulation during GTA 6's development, harming morale and reputation ahead of Grand Theft Auto VI.

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