#wealth-inequality

#wealth-inequality

Dalio described a future where humanoid robots, smarter than humans, and advanced AI systems, powered by trillions of dollars in investment, could render many current professions obsolete. He questioned the need for lawyers, accountants, and medical professionals if highly intelligent robots with PhD-level knowledge become commonplace, stating, "we will not need a lot of those jobs." This technological leap, while promising "great advances," also carries the potential for "great conflicts."

Bribery is generally unethical and often illegal, but also quite effective. When my four-year-old is acting up and ignoring my increasingly desperate pleas for her to get dressed, leave the playground or do something else very important, I have, on occasion, resorted to desperate promises of ice-cream. Obviously, I know it's counterproductive to respond to suboptimal behaviour with sugar-based bribes. But sometimes you are exhausted and just need a short-term win. The ice-cream always delivers.

Daniel Currell's guest essay in The New York Times shows how Walt Disney World Resort has evolved from an accessible "all-American vacation" to a luxury experience targeting high-net-worth households. Wealthy visitors can pay for premium passes that let them bypass lines; one tech executive quoted in the article experienced 16 attractions in seven hours. Meanwhile, Scarlett Cressel, a bus driver who could not afford to pay for special ride reservations and other perks, managed nine attractions over 14 hours.

Penned by longtime economic researcher and campaigner Chuck Collins, a leading thinker and writer on inequality in America, "Oligarch Watch" will profile the plutocrats wielding their wealth and power to further enrich themselves at the expense of workers, our communities, and our environment. Crisscrossing industries and centers of power in the US, Collins will tackle oligarchy in action to spotlight the crushing monopoly power billionaires yield,

Classically, increased wealth and value gaps lead to increased populism of the right and populism of the left and irreconcilable differences between them that can't be resolved through the democratic process. So democracies weaken and more autocratic leadership increases as a large percentage of the population wants government leaders to get control of the system to make things work well for them.

"A small group of protesters walked into the iconic American Hotel's restaurant in Sag Harbor this weekend to convey a message they filmed for the world to see: "Tax the rich." Sag Harbor is a village in East Hampton that has long been a premier destination for the wealthy. Labor Day weekend is one of the busiest times of year for the otherwise sleepy enclave."

The Giving Pledge, launched in 2010 by Bill Gates and Warren Buffett, invites the wealthiest individuals to commit to giving away at least 50% of their wealth.

"I think that would absolutely crush because yes, we recreated, but we also rebuilt Willy Wonka's Chocolate Factory. I have a chocolate company, and we gave golden tickets and brought people out, and people loved it."

Conant believed that American democracy was threatened by a 'hereditary aristocracy of wealth' and that capitalism risked becoming 'industrial feudalism.' He pushed for a merit-based system.

The Gilded Age is a period in the late 19th century characterized by extreme wealth and wealth inequality, progress, immigration, and ruthlessness from businessmen.

The rich will get obscenely richer. The poor will be hungrier and sicker, work more precarious, and the planet unrelentingly hotter.

Kate Hudson and Dakota Johnson were seen enjoying time on a yacht in Ibiza with Tom Brady and Naomi Campbell, celebrating a Saudi Arabian producer's birthday.

Understanding your friendships from a perspective of financial inequality can help to realize that wealth often comes with hidden costs, including emotional stress and personal sacrifice.

This book is actually about what it feels like to live in the new Gilded Age. Inequality has widened, with a group living far ahead in wealth.

"Basically what the tariff revenue is doing, it's being used to finance a huge tax cut for the wealthiest, together with cuts in everyday programs that people rely on like Medicaid and nutrition assistance."

Our billionaire count is down and the combined wealth of those who feature in our research is falling... fewer of the world's super rich are coming to live in the UK.

The tax legislation draft by House Republicans favors wealthy Americans and business owners, allowing them to bypass tax increases while raising wealth transfer exemptions.