-Newsclick.in Inequality is not natural but manufactured. It’s time policymakers stopped normalising the wealth and income gap. Else, post-Covid inequality could become a permanent feature. Wealth and income inequality are more than just economic concepts. They also influence education and health outcomes, poverty levels, employment and unemployment rates, opportunities, choices, and, ultimately, happiness. Of late, several reports have investigated the impact of COVID-19 on various segments of society at the regional, national,...
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India’s Economic System Rigged in Favour of the Super-Rich, Says Oxfam Report -Ditsa Bhattacharya
-Newsclick.in The report points out that in India, during the pandemic the wealth of billionaires increased from Rs 23.14 lakh crore to Rs 53.16 lakh crore. At the same time, more than 4.6 crore Indians are estimated to have fallen into extreme poverty in 2020. While 84% of households in India suffered a decline in their income in a year marked by the tremendous loss of life and livelihoods, the number of...
More »Pandora papers: Why are HNIs moving significant assets abroad? -Ajit Ranade
-National Herald The Pandora Papers raise issues that need serious introspection. Even if the wealth has been salted away legally, does it reflect a flight of capital? Do HNIs feel their wealth is not secure in India? What is different about the Pandora Papers from the earlier Panama Papers leaks, revealed by ICIJ five years ago? Unlike the Panama papers which were leaks from a single source, a law firm called Mossack...
More »G7 Corporate Tax Deal -- Setting the Bar Too Low? -Shinzani Jain
-Newsclick.in Finance ministers from G7 countries have agreed on a deal to check tax avoidance by the biggest multinational conglomerations. How the G20 reacts to this accord and how these plans are implemented, remains to be seen. A recent report by ProPublica has revealed how multibillionaires from the US, including Amazon’s Jeff Bezos, Tesla’s Elon Musk, Microsoft’s Bill Gates and Facebook’s Mark Zuckerberg, among others, have managed to avoid paying federal taxes...
More »Control over family wealth among Meghalaya women increases political activity, study finds -Rachel Brule and Nikhar Gaikwad
-ThePrint.in Researchers from Boston and Columbia universities studied Meghalaya's matrilineal tribes to find that women are more politically active than men when wealth passes from mother to daughter. In most societies around the world, women participate in politics at lower rates than men. Research shows that women also have a distinct set of economic policy preferences, prioritising government-led taxation and redistribution of wealth more than men. Scholars have long debated whether cultural...
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