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Items tagged with: inequality
Your boss wants to use surveillance data to cut your wages pluralistic.net/2026/04/06/emp… @pluralistic
Combine monopoly, weak privacy law, weak competition law, and digitization, and you don't just make surveillance pricing possible – at that point, it's practically inevitable.
“The amount of untaxed wealth hidden offshore by the richest 0.1 percent exceeds the entire wealth of the poorest half of humanity (4.1 billion people), according to a new Oxfam analysis published on April 2, 2026, ahead of the 10th anniversary of the Panama Papers.
The findings show that, a decade later, the super-rich continue to exploit offshore systems to evade taxes and conceal assets, highlighting the urgent need for coordinated international action to tax extreme wealth and end the use of tax havens.
An amount of $3.55 trillion in untaxed wealth was stashed offshore in tax havens and unreported accounts in 2024, according to Oxfam’s estimates. “This sum exceeds the GDP of France and is more than twice the combined GDP of the world’s 44 least developed countries,” a statement by Oxfam noted.“
downtoearth.org.in/governance/…
#TaxHavens #Offshores #TaxEvasion #Inequality
Untaxed wealth hidden offshore by richest 0.1% surpasses entire wealth of the poorest half of humanity: Oxfam
Oxfam’s new analysis reveals that untaxed offshore wealth held by the richest 0.1% now exceeds the entire wealth of the poorest half of humanity, exposing how tax havens fuel extreme inequality and urging global action to tax the super-rich and end s…DTE Staff (Down To Earth)
It's been 10 years since the Panama Papers leaks. There has been *some* accountability, but there is still a lot of work left to do.
"The report released on Thursday highlights that a decade after the Panama Papers leak, the global elite continue to utilise a complex international financial system to move immense fortunes beyond the reach of public scrutiny and taxation."
Across England just over a quarter of all children live in poverty, rising to over a third of children in London; no wonder many voters do not believe claims by our political class that the UK economy is not dysfunctional & just needs some tweaks to improve.
This level of child poverty doesn't happen by accident nor does it happen quickly; its an indictment of the callousness & inhumanity of our political class' management of the UK's political economy.
#UK #inequality
theguardian.com/society/2026/m…
London has England’s highest levels of child poverty, data shows
About 38% of children in London live in relative poverty, compared with 27% in the UK as a wholePatrick Butler (The Guardian)
Capitalism Has a Lot of Room to Redistribute Wealth Right Now
jacobin.com/2026/03/capitalism…
"The retreat of social democracy since the 1980s reflects ... a transformation in the balance of power between classes"
"The belief that social democracy has reached its limits is best understood as a symptom of political defeat rather than an accurate diagnosis of economic reality."
🇺🇲 🇬🇧 #Christofascism #antiLGBTQ+ #tyranny
#capitalism #inequality
vs.
#DemocraticSocialism #equality #sustainability
Capitalism Has a Lot of Room to Redistribute Wealth Right Now
Some on the Left believe that the capitalist system will not tolerate any greater interventions in its operation or redistribution of its spoils. There is no good evidence that this is true.jacobin.com
