2018-01-04 07:36:00 Thu ET
technology social safety nets education infrastructure health insurance health care medical care medication vaccine social security pension deposit insurance
The world now faces an economic inequality crisis with few policy options. Some recent U.S. Federal Reserve data suggest that both income and wealth inequality accelerates in America. The top 3% own 54% of U.S. wealth, whereas, the bottom 90% own only 24% of U.S. wealth. The top 3% rake in a much greater proportion of total income in comparison to the prior state back in 2010, whereas, the bottom 90% earn proportionately less now. U.S. income and wealth concentrate in white citizens, homeowners, and upper social echelons with high educational attainment.
This economic inequality between the rich and the poor also prevails in Britain, China, Japan, Australia, New Zealand, France, Germany, and some other parts of the Euro zone. Populist politics would seem to have become a natural reaction to this worldwide inequality in light of Brexit, Trump presidential election victory, and strongman rule by Putin, Xi, and Duterte. Pundits and policymakers can consider several solutions such as income tax credit, greater public investment in education, more progressive wage-versus-capital income tax treatment, and less residential segregation. A radical solution involves what Professor Thomas Piketty proposes as global capital taxation. The latter may affect international capital flows as Tobin taxes lower the average after-tax rate on capital investments in different countries.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2017-08-07 09:39:00 Monday ET
Global financial markets suffer as President Trump promises *fire and fury* in response to the recent report that North Korea has successfully miniaturized
2018-03-23 08:26:00 Friday ET
Personal finance and investment author Thomas Corley studies and shares the rich habits of self-made millionaires. Corley has spent 5 years studying the dai
2023-12-07 07:22:00 Thursday ET
Economic policy incrementalism for better fiscal and monetary policy coordination Traditionally, fiscal and monetary policies were made incrementally. In
2025-09-13 12:23:00 Saturday ET
Stock Synopsis: With a new Python program, we use, adapt, apply, and leverage each of the mainstream Gemini Gen AI models to conduct this comprehensive fund
2017-03-21 09:37:00 Tuesday ET
Trump and Xi meet in the most important summit on earth this year. Trump has promised to retaliate against China's currency misalignment, steel trade
2019-03-23 09:31:00 Saturday ET
Congresswoman Alexandria Ocasio-Cortez proposes greater public debt finance with minimal tax increases for the Green New Deal. In accordance with the modern