In a report ahead of the G20 meetings in Johannesburg, hosted by the South African government later this month, the expert panel said the gap in global wealth between rich and poor will widen over the next decade without a permanent monitoring group such as the UN Intergovernmental Panel on Climate Change.

The Nobel prize-winning economist Joseph Stiglitz said the report, commissioned by the South African president, Cyril Ramaphosa, found inequality growing in more than eight in 10 of the world’s countries.

The report said 83% of all countries, accounting for 90% of the world’s population, met the World Bank’s definition of high inequality. It added that countries with high inequality were seven times more likely to experience democratic decline than more equal countries.
[…]
The report said new analysis showed that between 2000 and 2024, the world’s top 1% captured 41% of all new wealth, while only 1% went to the bottom 50%.

The committee said a groundbreaking study by the Italian economist Salvatore Morelli showed as much as $70tn of wealth would be passed to the next generations by 2035.

“Wealth inequalities have a forward momentum, as compound interest increases fortunes and, in the absence of effective inheritance taxes, wealth is handed down from one generation to another, undermining social mobility and economic efficiency,” it said.

~ Full article…

Homogamy — marriage between people from similar sociological or educational backgrounds — helps perpetuate economic inequalities in Spain. According to De Poli’s data, couples in the wealthiest 10% of the population have, on average, almost double the income and wealth of those in the next income bracket. And they hold 12 times the income and 42 times the net worth of those in the lowest decile.

whttps://english.elpais.com/economy-and-business/2025-11-22/the-rich-marry-the-rich-how-love-perpetuates-inequality.html

What is this historic chaos really about? If you’ve just arrived and are observing what’s happening in the United States, you might think that our most pressing issue is that the richest among us simply aren’t rich enough – as the Trump administration and the OBBB cuts public services and benefits that will make life more precarious for millions in the name of tax breaks for the rich.

While they play out their destructive tendencies predicated on non-existent problems like DEI or in service to imagined government waste, the real goal is to have a YOYO – you’re on your own – economic system for the masses in order to transfer more income to those without need.

One of the most striking statistics on inequality is the historical trend in the share of national income received by the Top 1 Percent. Figure 1 shows that at the end of the “Roaring Twenties,” just before the Great Depression, the Top 1 Percent held about 20 percent of all income (excluding capital gains) – about where it was in 2022 (most recent data available).

Read on… https://cepr.net/publications/the-rich-are-not-rich-enough-in-america/