Inequality

• [New] A federal wealth tax on the richest 0.1% of Americans is a viable approach for Congress to raise revenue and is one of the few approaches that could truly address rising inequality. / ITEP
• [New] A wealth tax is under discussion in the United Kingdom - a country known for its generous treatment of large fortunes and where the health crisis threatens to accentuate inequalities. / bitstream
• [New] Without proper plans, Britain risked failing to address the slowest productivity growth for over 120 years in the past decade and higher inequality than any country in the European Union except Bulgaria. / www.euractiv.com
• [New] The European Parliament has just adopted a Resolution on Accelerating progress and tackling inequalities towards ending AIDS as a public health threat by 2030 in response to the Global AIDS Strategy. / The Parliament Magazine
• [New] Three major themes are emerging in political and credit risk in 2021: country economic risks are growing, economic and social inequality is widening, and resource nationalism is on the rise. / Marsh
• The UK should grasp the opportunity offered by the Biden administration in the US, which wants to prevent a generation of young people continuing in insecure jobs that increase gender and racial inequality. / The Guardian
• Young people demonstrate strong motivation for addressing global challenges such as climate change, rising inequality, shrinking space for civil society and threats to democratic institutions. / OECD
• Closing racial gaps in wages, education, housing, and investment could contribute $5 trillion to U.S. gross domestic product over the next five years. / Barrons
• Delays in starting vaccination rollouts in developing countries are deepening global inequality and leaving hundreds of millions of elderly and vulnerable people at risk. / World Bank Blogs
• Data capabilities and new technologies increasingly exacerbate social inequality and impact geopolitics, global competition, and global opportunities for collaboration. / Atlantic Council
• In addition to macrofinancial factors, the IMF cited in the paper significant uncertainties and risks linked to digital technologies, including cryptocurrencies; climate change; inequality; demographics; and a more multipolar landscape. / chinadailyhk
• The world faces a profound equity problem: acute social and economic inequalities between and within countries are worsening alongside vastly different levels of vulnerability to environmental risks and degradation. / Green Growth Knowledge Platform
• By quite some way the biggest threat to democracy, according to the world's population, is economic inequality and the power and influence of the super wealthy. / MintPress News
• Biden's $4 trillion plans to address historic U.S. inequality, climate chance and provide four more years of free public education would be completely paid for in 15 years, with tax increases starting to chip away at deficits after 2030. / Reuters
• The IMF plans to better account for risks related to climate change, inequality and demographics in its economic assessments. / U.S.
• As the world continues to battle the COVID-19 pandemic, a lack of access to COVID-19 vaccines is set to further entrench global inequality and threaten millions more lives. / Megaphone
• Countries and organizations across the world have a once-in-a-generation opportunity to address global inequality and reverse some of the fallout from the past year. / International Committee of the Red Cross
• The large gap between the formal and informal sectors could reflect the income inequalities in Kenya, with low income people demanding price over food safety. / Frontiers
• $30bn a year is being spent on income and business tax cuts, which will further entrench gender inequality and endanger future funding for services women rely on. / The Guardian
• The recent disastrous developments in India (with two successive years of likely high negative growth) as well as the long-standing problem of lack of convergence of African countries, opens up a real possibility that global inequality may cease its decrease, and might increase again. / globalpolicyjournal
• America should not expect people of color to apologize for disassembling the vehicles that support racial inequality. / Time
• As protests over racial inequality engulfed the U.S. last year, policy makers and banks alike vowed to do more to ensure communities of color could access low-cost financial services as a way to close the persistent racial wealth gap. / Business Telegraph

Last updated: 13 June 2021