Economic Inequality
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As the wealthy converge on Davos to discuss the world’s problems, a case for taxing the rich
Harsh Mander and Prabhat Patnaik discuss funding universal social and economic rights, not just a universal basic income, in a time of widening inequalities.
Harsh Mander
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Covid-19 pandemic created a new billionaire every 30 hours, says Oxfam
Meanwhile, the non-profit organisation said it expects 263 million people to fall into extreme poverty this year.
Scroll Staff
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What do Indians want from the Budget? A ‘Covid surcharge’ on those who profited from the pandemic
More than 80% of the respondents in a survey supported the idea of taxing the ultra-rich.
Ananya Bhattacharya, qz.com
Trending
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The British government is offering farmers a lump sum payment to quit agriculture
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Amid the Ukraine war, India is replicating what it did when the Soviet Union invaded Afghanistan
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19th-century letters between two sisters reveal early records of avian life in Madras
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The India Fix: Marathi or Hindutva? Shiv Sena’s weakness stems from its lack of coherent ideology
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A mysterious threesome in ‘Haraamkhor’ director’s new film
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Interview with Oxfam India CEO: With India’s inequality exploding, it can’t be business as usual
In the past two years, over 15 crore Indians slid into poverty, while the number of billionaires in the country grew.
Govindraj Ethiraj, IndiaSpend.com
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Income of 84% Indian households fell in 2021 while 40 new billionaires emerged: Oxfam report
The non-profit group said that while the wealth of Indian billionaires rose by Rs 30 lakh crore during pandemic, over 4.6 crore people fell to extreme poverty.
Scroll Staff
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India is among the most unequal countries, says World Inequality Report
In 2021, the top 1% of India’s population earned 21.7% of the total national income, while the bottom 50% made just 13.1%.
Scroll Staff
Video
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Watch: Three-hour wait to enter IKEA’s new Bengaluru store on first weekend
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Watch: Pride parade returns to Chennai after two-year hiatus
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Watch: Dog invades pitch during Chile vs Venezuela football match, stays on for belly rubs
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Watch: Divers jump into Seine from platform in front of the Eiffel Tower
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Watch: Artist Theo Jansen fuses art and engineering to create Beach Animals that move with the wind
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What Latin America’s inequality and political instability can teach the rest of the world
A large income gap between the poor and the wealthy has contributed to persistent political volatility and social discontent.
Diego Sánchez-Ancochea, The Conversation
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Indian billionaires got richer by Rs 12 lakh crore since March as lakhs lost jobs amid Covid: Oxfam
It would take an unskilled worker 10,000 years to make what Mukesh Ambani earned in an hour during the pandemic, a report by the charity said.
Scroll Staff
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First person: My caste privilege in India blinded me to the reality of racism in the US
Ignorance is often bliss, but sometimes it is nothing short of a crime.
Mauktik Kulkarni
The Reel
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Start the week with a film: ‘So Long, My Son’ and China’s warped development
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A mysterious threesome in ‘Haraamkhor’ director’s new film
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Watch: Ranveer Singh tests his survival skills with Bear Grylls in Serbia
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Did a Marathi film released in May predict the current political crisis in Maharashtra?
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‘Shamshera’ trailer: Ranbir Kapoor plays a rebellious bandit in period drama
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What India really needs: A mass uprising to ensure inclusive economic growth
The focus on the country’s middle class ignores the problems of the millions in the informal sector.
Rohit Shenoy
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Oxfam report: Wealth of India’s richest 1% is four times more than total held by 70% poorest
Flagging ‘sexist economies’, the report pointed out that it would take a female domestic worker 22,277 years to earn what a top executive makes in a year.
Scroll Staff
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How a radical legal ideology gave rise to economic inequality in the US
The law chooses where and how it will limit market competition and those choices can magnify inequalities in economic power.
Sanjukta Paul, Aeon
The Field
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Watch: England vs New Zealand, 3rd Test - Leach’s 10-wicket haul helps hosts close in on clean sweep
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Wimbledon 2022: Novak Djokovic stands by no vaccination stance, likely to miss US Open
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Wimbledon 2022: Novak Djokovic and Rafael Nadal begin as favourites, as usual
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Wimbledon 2022: Serena returns, contenders aplenty, but Swiatek’s title to lose in open women’s draw
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First T20I: Hardik Pandya-led India comfortably defeat Ireland by seven wickets in rain-hit game