Pressure is mounting for the Albanese Government to end the Coalition’s legacy of neoliberalism and take steps towards wealth equality, writes Bilal Cleland.
Source: Taxing the super-rich a good start to ending wealth inequality
Tag: Wealth inequality
A U.N.-supported human rights expert has blasted the yawning gap between rich and poor in the United States, insisting in a new report that the world’s richest country “is now moving full steam ahead to make itself even more unequal.”
The United Nations’ human rights office said Monday that Philip Alston, an independent expert commissioned to examine “extreme” poverty, prepared a report on the U.S. that faults “successive administrations” in Washington for failing to uphold treaty commitments to economic and social rights.
The Australian-born New York University law professor specifically criticized the $1.5 trillion worth of income tax cuts that President Donald Trump has trumpeted as a key accomplishment of his administration, saying the plan approved in December “benefited the wealthy and worsened inequality.”
via U.N. Expert Calls U.S. Income Inequality a ‘Political Choice’
Meanwhile, few who make the “I did it all myself” argument question the absurdity of seeing earnings as a measure of grit and moral worth. Does anyone really think that a CEO, whose pay is on average 271 times greater than that of his typical worker, works 271 times harder than his employees, who might actually be doing strenuous physical labor?
via What’s behind rich people pretending to be self-made? | US news | The Guardian
Just 62 individuals own the same amount as half the world’s population – and the system is ”rigged” in their favour.
Source: Sixty-two people have the same amount of wealth as half the world, says Oxfam
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