THE SUPER-RICH PAY LOWER TAXES THAN YOU – AND HERE’S HOW THEY DO IT…
How do the wealthy get away with paying a lower percentage of their income and wealth in taxes than ordinary people? A big part of the answer is that many of their fortune streams – from dividends to inheritance – are chronically undertaxed, says Chiara…
TAXATION OF THE SUPER-RICH HAS COLLAPSED: AS ONE IN EIGHT PEOPLE GO TO BED HUNGRY, THAT SIMPLY HAS TO CHANGE
When even millionaires are pleading to be taxed so governments can tackle our colliding global crises, we can see there’s something rotten in the state of economic policy. Max Lawson introduces Oxfam’s 2023 Davos report, ‘Survival of the Richest: How we must tax the super-rich now…
Explaining Oxfam’s Projections for Extreme Poverty in 2022
By Max Lawson This blog responds to Noah Smiths’ substack criticism of Oxfam’s extreme poverty numbers. Dear Noah, First of all, I would like to thank you for the scrutiny of our numbers, which I really believe increases accountability. As we did a couple of…
Inequality Kills: The unparalleled action needed to combat unprecedented inequality in the wake of COVID-19
The wealth of the world’s 10 richest men has doubled since the pandemic began. The incomes of 99% of humanity are worse off because of COVID-19. Widening economic, gender, and racial inequalities—as well as the inequality that exists between countries—are tearing our world apart. Read…
The Inequality Virus
Bringing together a world torn apart by coronavirus through a fair, just and sustainable economy The coronavirus pandemic has the potential to lead to an increase in inequality in almost every country at once, the first time this has happened since records began. The virus…
Time to care
Unpaid and underpaid care work and the global inequality crisis Economic inequality is out of control. In 2019, the world’s billionaires, only 2,153 people, had more wealth than 4.6 billion people. Read More
Public good or private wealth?
Universal health, education and other public services reduce the gap between rich and poor, and between women and men. Fairer taxation of the wealthiest can help pay for them. Our economy is broken, with hundreds of millions of people living in extreme poverty while huge…
Reward work, not wealth
To end the inequality crisis, we must build an economy for ordinary working people, not the rich and powerful. Last year saw the biggest increase in billionaires in history, one more every two days. This huge increase could have ended global extreme poverty seven times…
An economy for the 99%
It’s time to build a human economy that benefits everyone, not just the privileged few New estimates show that just eight men own the same wealth as the poorest half of the world. As growth benefits the richest, the rest of society – especially the…
An Economy For the 1%
How privilege and power in the economy drive extreme inequality and how this can be stopped