Income Inequality

The current lax monetary policies in developed economies are likely to increase wealth inequalities, and in the short term, there is little that monetary and regulatory authorities can do about it. Rather, solving the problem will require finance ministers with a strong political mandate to implement redistributive measures. LONDON – In the Forbes list of …

Famous mega-church pastor Joel Osteen has sparked anger online after claiming he won’t pay taxes. But he probably pays taxes, especially on income from his books. Wealthy people in roles like Osteen’s often inspire negative reactions about their fortunes and positions. See more stories on the Insider business page. Famous pastor and author Joel Osteen …

Brian Armstrong, CEO of Coinbase, took to Twitter to share his thoughts on the statements Jackson Palmer, co-founder of Dogecoin, made last week. While Palmer now has a negative view of the cryptocurrency industry, Armstrong is in the opposite direction. For Armstrong, the cryptocurrency industry has its problems, but it still offers an alternative for …

Once upon a time in Ketchum, Idaho, workers at the nearby resort town of Sun Valley could find a home. The proximity to the glamor of a world-class attraction made it easy to travel for employees of restaurants, hotels, and resorts, as well as any workers who weren’t wealthy. The weather is changing. These days, …

Federal Reserve Chairman Jerome Powell adjusts his tie as he arrives to testify before a Senate Committee on Banking, Housing and Urban Affairs hearing on “The Semi-Annual Monetary Policy Report to Congress” on Capitol Hill in Washington, July 15, 2021. Kevin Lamarque | Reuters An economic rebound, rising wages and falling jobless claims were not …

In the past 16 months, since the official start of the pandemic lockdown, the combined wealth of 713 US billionaires has jumped $ 1.8 trillion, a gain of almost 60%. The combined total wealth of US billionaires has grown from $ 2.9 trillion on March 18, 2020 to $ 4.7 trillion on July 9, 2021. …

Some noisy people and lots of groups are babbling incessantly about income inequality and the rotten hand that everyone in America has been treated to by the wealthy capitalists. Big cats are the One Percenters, corporate pigs who snatch windfall profits, stuff suitcases full of cash into offshore accounts or bunkers buried in the Rocky …

Treasury Secretary Janet Yellen discussed the “destructive power” of the economy in testimony from the Senate Finance Committee. These include pay inequalities, racial inequalities, the climate crisis and participation in the labor market. All of these factors existed before the pandemic, but many are getting worse. LoadingSomething is loaded. The coronavirus pandemic has brought to …

President Biden will sign a Executive Decree Friday, promoting 72 initiatives at more than a dozen agencies that aim to reduce business consolidation, increase competition and deliver benefits to consumers, workers, farmers and small businesses. Why is this important: It’s a radical push to meet Biden’s goals of making the U.S. economy more vibrant and …

Long Beach will begin accepting applications for its pilot guaranteed income program later this summer, and city officials plan to start making payments by the end of the year. Mayor Robert Garcia announced details of the program on Wednesday July 7. It will run for a year and provide $ 500 per month to 500 …