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Jul 19, 2023 · Income inequality and wealth concentration have become increasingly prevalent issues in contemporary society, giving rise to what is commonly known as the One Percent Problem.
- Joe Robens
Apr 8, 2024 · My book, and my argument, focuses specifically on the wealth concentration at the top because that causes particular problems. Basically, concentration of wealth means concentration of power and the ability to pollute the environment. There are all these harms and damages that wealth concentration can do. Robinson
[/fn] In most emerging and rich countries the wealth share of the top 1 percent has been rising steadily over the last two to three decades (see Figure 1.1). The vicious circle of inequality. Wealth – ownership of property, land or shares, for example – confers not just economic security but also social and political power.
Mar 6, 2024 · Wealth is also extracted from the earth—from mining to fracking. Excessive wealth, once acquired, is often dynastic and multigenerational. This is why the nation’s wealthiest families continue to get richer, even as the middle and working classes struggle. The wealthiest families own some of the country’s most notable brands and have ...
Sep 27, 2013 · One issue is that in the US – as in many countries – the rise in income inequality has been driven by the top 1% of income earners, and not by the following 9%, although both groups have the same diplomas. An even more important problem is that looking at earned income is not enough. Economists used to believe that the ratio of aggregate ...
3 days ago · The celebrated inequality r > g (the rate of return on capital exceeds the growth rate of the economy) tends to accelerate the process of concentration, and this provides a link between wealth concentration, wealth accumulation and the capital share of income. (There is also an important but less remarked-upon formula linking the capital:income ratio, mortality and wealth at time of death to ...
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income of the top 0.1 percent in the USA was income from wealth (capital gains, interest, dividends, etc.).7 In most emerging and rich countries the wealth share of the top 1 percent has been rising steadily over the last two to three decades (see Figure 1.1). The vicious circle of inequality Wealth – ownership of property, land or shares, for
