The Report, published Dec 7, 2021, presents up-to-date data on inequality worldwide. Global inequalities remain extremely pronounced: they are about as great today as they were at the peak of Western imperialism in the early 20th century.
Lifting up poor and working-class people—and our whole economy
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Here it is: The full story of wealth inequality in America. The top 1% holds 15x more wealth than the bottom 50% combined.
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How do billionaire team owners end up paying lower tax rates not only than their millionaire players, but even the person serving beer in the stadium? Let’s go to the highlights.
Tax laws allow owners to claim that their teams lose value, lowering their tax bills. The government misses out on billions in revenue.
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Economists are grappling with how much to blame bias or a changing economy for the widening wage gap over the last 40 years.
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