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"Market fundamentalism" means most Indonesians haven't shared in the country's growth.
Kevin Lamarque / Reuters
"Once a fortune is accumulated or acquired it develops a momentum of its own."
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That brings their total worth up to $4.4 trillion.
There are more than a million millionaires in Canada today.
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Soaring house prices are widening wealth inequality, Stiglitz says.
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"It's the high end that's driving up net worth for those in their 20s or 30s."
62 people own the same wealth as the half the planet, Oxfam data shows.
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Morgan Stanley has put out an exhaustive report on inequality, in which the investment bank muses about the possibility of the middle class slowly going extinct. Growing inequality “can disrupt busine...
The financial crisis that peaked in 2008 has created a rippling economic effect across capital markets to date. A shift that has since been informally characterized as an ethos of maximizing utility of personal assets through peer-to-peer digital marketplaces, the common moniker being collaborative consumption or the sharing economy.
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Nobel Prize-winning economist Joseph Stiglitz is urging Canada to levy a “very progressive tax” on property in order to combat growing inequality caused by soaring house prices. “If you have a $50-mil...
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You needed an income of $222,000 to be one of Canada’s top one per cent of earners in 2013, Statistics Canada says in a new survey that also shows Ontario’s richest are falling out of the one-per-cent...
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This is the face of Donald Sterling. And those are the brothers Koch, Charles and David, who spend most of their money trying to help others with no thought of benefit for themselves. These three men belong to one of America's fastest growing disadvantaged groups: billionaires.
New theory on wealth inequality says workers will soon get the upper hand over corporations.
Forget working. The real way to accumulate wealth is to buy a single-family house in Toronto, and wait. OK, that’s bad advice. But given what’s been going in Toronto’s housing market, you can be forgi...