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Dec 10, 2021 · The report explores various options - mainly rooted in taxation policies - to tackle income & wealth inequality. The examples offer lessons from across the globe and throughout recent history, they explain, and conclude that "inequality is always political choice and learning from policies implemented in other countries or at other points of time is critical to design fairer development pathways."
Global wealth inequality is growing, the report indicates. Low-income countries’ share of global wealth has changed little from 1995 to 2018, remaining below 1% of the world’s wealth, despite having around 8% of the world’s population. Over one-third of low-income countries saw declining wealth per capita.
Jan 14, 2024 · The richest 1 percent own 43 percent of all global financial assets. If corporations were structured more democratically, that could significantly reduce inequality. For instance, if 10 percent of every business in the U.S. was employee-owned, it could double the share of wealth of the bottom 50 percent and the median wealth of Black households.
the global increment in wealth, while the bottom 50% captured a frightening 2%. The share of wealth owned by the global top 0.1% rose from 7% to 11% over that period and global billionaire wealth soared. With the boom in the stock market, the picture does not seem to be getting better. And yet, as the report makes clear, there is no case
Dec 18, 2023 · If 2022 was a year of uncertainty, 2023 is the year of inequality.For countries hoping to bounce back from the devastating losses of the COVID-19 pandemic, the battle has been made tougher by the compounding threats of climate change, fragility, conflict and violence, or food insecurity, to name a few—that make it difficult for economies across the board to fully recover.
And global inequality – after two centuries of increase – is now falling too. The large differences we see across countries and over time are crucial. They show us that high and rising inequality is not inevitable, and that the extent of inequality today is something that we can change.
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Dec 17, 2021 · The rise in private wealth has also been unequal within countries and at the world level. Global multimillionaires have captured a disproportionate share of global wealth growth over the past several decades: the top 1% took 38% of all additional wealth accumulated since the mid-1990s, whereas the bottom 50% captured just 2% of it;
