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.
2018-06-03 07:35:00 Sunday ET
Several recent events explain why Trump may undermine multilateral world order. First, Trump withdraws the U.S. from the 12-nation Trans-Pacific Partnership
2018-11-15 12:35:00 Thursday ET
Warren Buffett approves Berkshire Hathaway to implement new meaningful stock repurchases. Buffett sends a positive signal to the stock market with the Berks
2021-05-20 10:30:00 Thursday ET
Artificial intelligence, 5G, and virtual reality can help transform global trade, finance, and technology. Core trade technological advances and disruptive
2020-06-17 09:23:00 Wednesday ET
Successful founders focus on their continuous growth, passion, perseverance, and the collective wisdom of most team members. William Ferguson (2013) &
2017-06-03 05:35:00 Saturday ET
Fundamental value investors, who intend to manage their stock portfolios like Warren Buffett and Peter Lynch, now find it more difficult to ferret out indiv
2018-07-17 08:35:00 Tuesday ET
Henry Paulson and Timothy Geithner (former Treasury heads) and Ben Bernanke (former Fed chairman) warn that people seem to have forgotten the lessons of the