How Labour wants to change the British economy
Their plans should not make things worse. But can they make them better?
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Their plans should not make things worse. But can they make them better?
BLOOMINGTON - Following the very successful, first-ever joint town hall with residents of Bloomington and Palo Alto discussing Regional Divides, Sibling Cities USA is pleased to announce two upcoming conversations that bring together the communities of Bloomington and Palo Alto, CA to address is ...
Paolo Acciari, Facundo Alvaredo, Salvatore Morelli 24 April 2021 Growing wealth disparities can have corrosive effects on equality of opportunity when they crystallise over time and turn into persistent disparities across generations. This column uses newly assembled data from Italian inheritance tax records to show that the wealth share of the top 1% (half a million individuals) increased from 16% in 1995 to 22% in 2016, and the share accruing to the top 0.01% (the richest 5,000 adults) almost tripled from 1.8% to 5%. In contrast, the poorest 50% saw an 80% drop in their average ...