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The Latest Breaking News from Inequality

Retiring early isn’t all about golf and cruises

Letters: There is widening inequality in pensioner incomes writes Dr Carole Easton, while Jenny Chittenden says many retirees give back to family and community

The Guardian - UK

Why people ignore debt letters – and what it says about inequality today

You get a payment reminder through the letterbox, maybe for a credit card, an overdraft, a bill, or a parking fine. You ignore it and leave the envelope unopened, or put it to one side to deal with later. Many of us will recognise this scenario.

The Conversation

Explained: Why India’s inequality is underestimated

India’s consumption gap appears to shrink, but income inequality is rising fast, as per analysis of India’s consumption data by the World Bank.

Newslaundry

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I Asked ChatGPT What Would Happen if Trump Ended Income Taxes — There’s Good News and Bad News

Trump’s plan to replace income taxes with tariffs -- per a tax policy breakdown by ChatGPT -- could raise prices, slash federal revenue and widen inequality.

GOBankingRates

‘Self-termination is most likely’: the history and future of societal collapse

An epic analysis of 5,000 years of civilisation argues that a global collapse is coming unless inequality is vanquished

The Guardian - UK

Strengthening collective labor rights can help reduce economic inequality

Despite the strength of the U.S. economy, the gap between rich and poor Americans is increasing.

The Conversation

This Labour government has failed. People want real transformative politics – we will give it to them

More than 500,000 people have signed up to our new party to help build a genuine alternative to poverty, inequality and war, says former Labour leader Jeremy Corbyn

The Guardian - UK

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Starmer and Reeves should prepare UK for wealth tax, say top economists

PM could raise ‘tens of billions’ while positioning Britain as progressive, say Thomas Piketty and others

The Guardian - UK

Darren Walker's new book is still hopeful despite growing inequality as he leaves Ford Foundation

Outgoing Ford Foundation President Darren Walker's new book “The Idea of America" is a collection of more than eight dozen texts spanning his 12-year tenure with one of the nation's leading philanthropies

The Independent UK

University of Edinburgh publishes Race Review into colonialist past

The report has been published online, amid a public pledge to stamp address racial discrimination and inequality.

Evening Standard

The Guardian view on global inequality: the rising tide that leaves most boats behind

Editorial: The world’s assets are piling up in the hands of the few as growth is built on widening gaps. That’s not just unfair – it’s economically unsustainable

The Guardian - UK

How public development banks could narrow inequality gaps between the Global North and South

The United Nations’ Fourth International Conference on Financing for Development (FFD4) recently concluded in Seville, Spain. It gathered global leaders from government, development, academia and civil society to discuss key barriers to sustainable development and shape collaborative efforts to address them.

The Conversation

Your Nobel-Winning Primer For Just $6

This column began as a postscript to yesterday’s Quick Primer On Stablecoins. IF YOU’RE SHORT ON TIME, SCROLL DOWN TO THE CHART AND THE QUESTION. Otherwise...

Saving Advice

RBA not swayed by jobless spike as next rate call looms

Reserve Bank governor Michelle Bullock has pushed back on rate cut expectations and weighed in on Donald Trump's pressure on Fed chair Jerome Powell.

AAP

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Capital & Main

How Robert Reich Teaches — and Why Inequality Is Still the Lesson

Director, producer of The Last Class discuss Reich’s skill in the classroom and his career-long focus on economic disparities.

The Conversation

Is today’s political climate making dating harder for young people?

The last year has highlighted a political divide between young men and women. Data from elections in several countries shows that women aged 18-29 are becoming significantly more liberal, while young men are leaning more conservative. And a recent 30-country study found generation Z more divided than other generations on…

The Guardian - US

Nine households control 15% of wealth in Silicon Valley as inequality widens

Report finds wealth divide widened in Silicon Valley at double the rate of the whole US over the past decade

Evening Standard

Poor Clare at the Orange Tree Theatre review: this riches to rags fable is polished but tone deaf

3/5 This meditation on wealth inequality draws hang-wringing parallels to the Middle Ages– with mixed results

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The Guardian - AU

Morning Mail: Bradley Murdoch dead at 67, warning to Labor over inequality, the $1 housing blueprint

The notorious outback killer of British backpacker Peter Falconio has died in custody of throat cancer; NSW plan to speed up home building

Bored Panda

25 Times People Made It Clear To Everyone Else They’re Rich Without Even Trying

Since the beginning of the pandemic, the Institute for Policy Studies has been tracking the rapid growth of rich Americans' assets, and it's become one of the most disturbing reminders of inequality during a crisis that has devastated ordinary families.

The Conversation

Inequality has risen from 1970 to Trump − that has 3 hidden costs that undermine democracy

America has never been richer. But the gains are so lopsided that the top 10% controls 69% of all wealth in the country, while the bottom half controls just 3%. Meanwhile, surging corporate profits have mostly benefited investors, not the broader public.

Radio France Internationale

Four African billionaires richer than 750 million people living on the continent

Africa’s wealth disparity has reached unprecedented levels, with just four billionaires now holding more wealth than 750 million people combined – half the continent’s population.

The Independent UK

Voices: Readers torn on wealth tax – from ‘the only counterbalance’ to ‘utterly counter-productive’

YOUR VIEWS: Discussion of a wealth tax has ignited a lively debate among our community, with some calling it a necessary step to tackle inequality and fund public services, while others warned it would drive away investment and harm the economy

Clever Dude

10 Laws That Have Been Weaponized Against the Average Citizen

Laws are meant to protect, guide, and ensure justice for everyone, regardless of wealth, status, or power. Yet, history and modern headlines alike show that some laws have been twisted, stretched, or outright weaponized against the very people they were designed to serve. From surveillance to civil forfeiture, these legal…

The Conversation

Tax season in South Africa: the system is designed to tackle inequality – how it falls short

South Africa’s personal income tax system is in the spotlight as the country’s tax filing season gets under way. Personal income tax is an important way of redistributing income from higher-earning to less-well-off individuals.

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