To simplify complex inequality into a single statistic doesn’t address how to accurately assess (or reduce) South Africa’s large wealth divide
The gap between the poor and middle class is widening, but according to the World Bank, inequality between the rich and middle class is narrowing.
Instead of hitting low earners hard, the budget should have raised wealth and corporate taxes
‘Lastly, economics makes the difference between wealth creation and wealth inheritance.’
For the first time, tax data has been made available to try to assess just how much is owned by how many
Forget the God of Galatians 5. Another lord who rules the temples of wealth will grant all your wishes, particularly if you are among the 1%.
Credit Suisse’s Global Wealth Report makes for interesting reading for those who suspect quantitative easing is more about propping up asset prices.
Research by Credit Suisse shows that the world’s poor and middle classes have been squeezed to create more wealth for 1% of the population.
Oxfam’s latest report highlights the travesty of inequality and warns of dire and corrosive consequences to society.
Inequality fell slightly just before the financial crisis of 2008 but is on the rise again, particularly in developing countries such as South Africa.
A report has shown that top executives at JSE-listed firms got salary increases well above inflation plus other perks last year.
More than 1.76-million people joined the ranks of the global super-rich last year as stock market gains and property prices swelled personal fortunes.
The gap between the haves and have-nots is on the minds of low-income earning South Africans as they take to the polls.
Technology has exacerbated inequality. But we should prepare ourselves for an increasingly tech-driven world, an act that could eradicate the problem.
Women need only seven seats, mostly on the bottom deck, on the £1-trillion double-decker bus revealed by Oxfam this week.
As the World Economic Forum starts in Davos, a development charity claims that growing inequality has been driven by a "power grab" by wealthy elites.
Li Fu is 29, owns five cars and has a diamond-encrusted cell phone. Wang Qingzhan is 44, works as a cleaner and lives with his family in a tiny room.
Growing inequality in US cities could lead to widespread social unrest and increased mortality, says a new UN report on the urban environment.