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The Latest Breaking News from Inequality

New Zealand's tax system is under the spotlight (again). What needs to change to make it fair?

Aotearoa New Zealand’s new Prime Minister, Chris Hipkins, has said we should look at ways to make the tax system fairer. Finance associate minister David Parker made a similar point almost a year ago, though there was little real action after his comments.

The Conversation

Focusing on diversity means we miss the big picture. It’s class that shapes our lives

In shifting our gaze from equality, we lose sight of the most marginalised

The Guardian - UK

Ardern squandered her chance at transformational change at every turn

How Labour's economic handling of the Covid crisis created an explosion in inequality. By Elliot Crossan

Newsroom.co.nz

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A Fed economist says the Fed is making inequality worse with its interest rate hikes

“Tighter policy…appears to prevent many lower-income families from buying homes,” Fed economist Daniel Ringo explains in a new working paper.

Fortune

Explained: Can wealth tax plug India’s income inequality?

The richest one percent of India’s population owns over 40 percent of the country’s wealth while the poorest half has just 3 percent. Wealth inequality in India has only sharpened since the pandemic, and the number of billionaires rose from 102 in 2020 to 166 in 2022, according to an…

Newslaundry

Britain, here’s a plan: stop applying old fixes to new problems. And stop obsessing about growth

Crises in productivity and wealth inequality won’t be solved with ideas from the 80s, says the author and historian David Edgerton

The Guardian - UK

Abigail Disney and Mark Ruffalo are among 200 millionaires calling for taxes on the ultra-rich

The Patriotic Millionaires called upon Davos conference attendees to address wealth inequality.

Fortune

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Crime, inflation hammer support for Chile's Boric in tough first year

Carmen Villegas, 56, a housewife in Santiago, was one of the millions of Chileans who turned out to vote for Gabriel Boric in 2021, propelling the young leader to the presidential palace amid optimism over his plans to reduce deep-seated inequality.

Reuters

Joseph Stiglitz: tax high earners at 70% to tackle widening inequality

Nobel prize-winning economist calls for new top rate of income tax and 2-3% wealth tax on fortunes

The Guardian - UK

‘We feel betrayed’: Peruvians on anti-government protests

Peruvians speak up about inequality as President Dina Boluarte declares state of emergency in Lima

The Guardian - UK

Scotland's sports body partners with charity to tackle racism

Scotland’s national agency for sport has announced a new partnership with the UK-wide race discrimination charity, Sporting Equals.

The National (Scotland)

I’m a millionaire – this is why I’m at Davos begging to pay more tax

I’ve seen how growing inequality is tearing societies apart. Now I’m calling for the world’s richest people to pay their fair share, says founder member of Patriotic Millionaires UK Phil White

The Guardian - UK

Blame it on big tech? The digital age's growing inequality gap

You won't see Elon Musk in Davos this year. He says it’s boring on Twitter, which he now owns, and which is still bleeding money. The same big losses are being seen at his electric car maker Tesla. But it would take a lot more for the billionaire to go…

France 24

How large corporations make huge profits from hidden markups at the expense of consumers

Inflation, followed by poverty and social inequality are the most pressing issues worrying people around the world right now. Canada has not been immune from the rising cost of living and is still fighting an inflation rate above the two per cent target preferred by the Bank of Canada.

The Conversation

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The Guardian - AU

Australia’s richest 1% pocketed $150,000 a minute over past decade, Oxfam research finds

Report calls for higher taxes for the super-rich as analysis reveals an Australian wealth tax could raise $29.1bn annually

The Independent UK

As Davos opens, Oxfam urges windfall tax on food companies

Anti-poverty group Oxfam says companies making big profits as inflation surges should face windfall taxes to help cut global inequality

Evening Standard

Covid vaccine uptake in Black community ‘impacted by conspiracy theories and racial inequality’

Experts have called for better public health messaging to help drive higher vaccination rates among ethnic minority communities

The Guardian - UK

Well done, Keir Starmer, for taking on private schools’ tax breaks – but you can go further

Though ending charitable status is safe ground for Labour, only structural change will bridge education inequality, says the Guardian columnist Frances Ryan

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Liverpool Echo

Liverpool School of Tropical Medicine to tackle health inequality

The new project is aiming to bring communities and public organisations together

Daily Record

Scottish MPs slam UK Government over plans to clamp down on workers' right to strike

The Tories are considering measures which could allow employers to sue unions and sack workers if they did not provide a certain level of service.

The New Daily

Housing made rich Australians richer, leaving renters and the young behind – here’s how to fix it

Rising housing costs have dramatically widened the gap between rich and poor. If we want to address inequality, we will have to fix housing.

The Conversation

How housing made rich Australians 50% richer, leaving renters and the young behind – and how to fix it

Compared to the rest of the world, income inequality is not particularly high in Australia, nor is it getting much worse – until you include housing.

Financial Times

China’s Covid generation: the surging inequality behind Xi’s U-turn

Lockdowns have often been more relentless in rural areas, upending the education of millions and blocking social mobility

The Conversation

Gender diversity on corporate boards can improve organizational performance

Gender inequality on corporate boards of directors is still an issue in Canada, despite diversity disclosure rules. Since 2014, business regulators in Canada have required companies to disclose the number of women on their boards in an effort to increase gender diversity.

Reuters

Chile's Boric pardons 12 convicted after 2019 protests

Chile's President Gabriel Boric on Friday pardoned 12 people connected with widespread protests against inequality in 2019 that left more than 30 dead.

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