Economic Inequality
About Economic Inequality
There are a wide variety of types of economic inequality, most notably measured using the income distribution and the distribution of wealth. Besides economic inequality between countries or states, there are important types of economic inequality between different groups of people.
Pope Francis says migration is a reality in call for action during France visit
... His official business in Marseille was to take part in the closing session of the Mediterranean Meetings event, which covered migration, as well as Economic Inequality and climate change...
Big firm bosses' pay rose 16% as workers squeezed
... The independent group, which focuses on Economic Inequality and fairer pay, said the gap between company executives and other workers pay had widened further last year...
Can a prince in a palace tackle homelessness?
... Has homelessness been reduced? Ligia Teixeira, chief executive of the Centre for Homelessness Impact, welcomes the prince s support but highlights " deep-rooted problems such as longstanding shortfalls in the supply of affordable housing, Economic Inequality and migration trends"...
Hurricane Ian: Bigotry couldn't beat this family - then came the storm
... Sanibel, though a geographical paradise, wasn t immune to forces of racism and Economic Inequality that the rest of the country has grappled with for centuries...
Queen's Speech 2022: What new laws could be announced?
... Levelling up and infrastructure The government is under pressure to deliver on its flagship " levelling up" pledge to reduce Economic Inequality between parts of the UK...
Katty Kay: The most exciting thing about becoming Swiss
... Twenty-first century democracies are hotbeds of social and Economic Inequality...
Yellow vest protests: More than 100 arrested as violence returns to Paris
... The protests first erupted in November last year over fuel price rises, but grew to cover wider grievances, including stagnating wages, living costs and Economic Inequality...
Bill Gates criticises Elizabeth Warren's plan for tax on super-rich
... America has a moral, ethical and economic responsibility to tax our wealth more, they said in a letter, proposing that the money be spent on tackling climate change and Economic Inequality...
Bill Gates criticises Elizabeth Warren's plan for tax on super-rich
Bill Gates has become the latest billionaire to express concern for presidential hopeful Elizabeth Warren 's plan for a new tax on the super-rich.
At a conference, The Philanthropist and Microsoft founder said it would stifle business innovation In America .
Ms Warren, a Democratic front-runner in the 2020 presidential race, has offered to meet Mr Gates in response.
It Comes after criticism of Ms Warren's policy from figures like Jamie Dimon , head of banking giant JP Morgan.
Under the original plan, households with a Net Worth between $50m (£39m) and $1bn (£780m) Will be charged with a 2% "wealth tax" every year. This would rise to 3% for any households with a Net Worth of over $1bn.
But last week, Ms Warren suggested doubling the latter rate - from 3% to 6%. She Said The Money raised from this new tax would be used to fund her healthcare plan, which is expected to cost the federal government $20. 5tn over 10 years.
Mr Gates hit back at the idea during a talk at the New York Times DealBook conference in New York on Wednesday.
"I'm all for super-progressive tax systems," he said. "I've paid over $10bn in taxes. I've paid More Than anyone in taxes. If I had to pay $20bn, it's fine.
"But when you say I should pay $100bn, then I'm starting to do a little math about what I have left over. Sorry, I'm Just Kidding ," he added.
"So you really want the incentive system to be there and you can go a long ways without threatening that. "
Mr Gates is the second-richest person in The World , according to Forbes magazine, with a Net Worth of $106. 2bn.
When asked if he would be willing to meet with her about the policy, Mr Gates said he wasn't sure if Ms Warren would "sit down with somebody who has large amounts of money".
Hours after his comments, Ms Warren said she would "love" to meet Mr Gates to explain her plan in more detail.
Tax reform has become a key talking point among contenders for the US presidential election. The Debate has been partially spurred by tax reform under Donald Trump 's administration, which The President dubbed "the biggest tax cut in history".
Mr Trump said cuts would help to boost the economy, but critics argue they disproportionately benefit the country's wealthiest individuals.
Earlier this year, a group of America's richest people penned an open letter.
"America has a moral, ethical and economic responsibility to tax Our Wealth more," they said in a letter, proposing that The Money be spent on tackling Climate Change and Economic Inequality .
Signatories included investor George Soros and Facebook co-founder Chris Hughes . The Group said they were non-partisan and not endorsing any candidate.
elizabeth warren, bill gates
Source of news: bbc.com
Economic inequality Photos
