Are rich people psychopaths?
Some years back, I went to visit a friend of mine from college who was staying with a very rich author whilst completing an internship in London. He lived in a massive house in Battersea, a rich area next to the river Thames. Looking round…
AS HUNGER SURGES, HERE ARE THREE WAYS INDIA CAN TACKLE ITS MASSIVE INEQUALITY
In our latest blog for Davos 2023, Amitabh Behar introduces the India supplement to Oxfam’s Davos report, which reveals how just 5% of Indians own more than 60% of the country’s wealth, while the bottom half of the population have 3% In the past three years the…
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…
WHETHER IN ASIA, AFRICA OR NORTH AMERICA, IT’S BEEN A PROFITABLE POLYCRISIS FOR BILLIONAIRES
Around the world it seems the pandemic and surging food and fuel prices have actually boosted the wealth of the super-rich, even as they pushed hundreds of millions of ordinary people into misery and penury, says Anthony Kamande in our second blog for Davos 2023….
Two big reasons why popular thinking about tax undermines the fight against inequality
By Max Lawson The unfairness of the UK tax system, a story in five charts, and what this tells us Our next Davos paper goes into some detail on taxing the richest people, and whilst working on it with my brilliant colleagues I did some…
AFRICA BEING PUSHED TO THE LIMITS: How the bid to meet IMF requirements creates a fertile ground for inequality.
By Lusungu Kacheche Dzinkambani African countries started their Covid-19 recovery period in a very parlous economic state. Poor people’s income fell sharply during the pandemic and according to UNECA, the pandemic forced 55 million into poverty in 2020. At the same time, Africa’s debt burden…
Africa is so rich in farmland – so why is it still hungry?
By Anthony Kamande and Dailes Judge It’s been more than two months since it rained in Nakuru County, Kenya, and Jane’s bean crop is long gone. Her only hope on her small plot of 0.8 hectares is the maize crop – but it will also…
Debt Crisis and Austerity could Worsen Extremely High Inequality in SADC Region
By Anthony Kamande Southern Africa is the most unequal region in Africa and the most unequal subregion in the world. Decades of colonial legacy, corruption, elite power and poor governance have hampered inclusive development in the region as wealth and income are increasingly concentrated in the hands…
Beating back the Billionaire Variant
By Anthony Kamande In the informal settlement area of Kawangware in Nairobi, my friend Joe, a nurse, is quarantining in his small room after getting COVID-19 for the second time. He’s less concerned about the virus than his finances, which have deteriorated severely in the…
Lebanon is collapsing, and our ruling elites are watching from their superyachts
By Dana Abed and Sasha Al Hilani Lebanon, that small country on the Mediterranean, is rocked and rotten by core inequalities, that make life today on its premises insufferable – unless you are, of course, part of the oligarchy! For the past two years, Lebanon…