Could AI make wealth inequality worse?
Artificial intelligence is supposed to make human lives better.
Wealth inequality
How wealth inequality has only gotten worse post-COVID
Researchers found that the richest people in the world have pocketed almost two-thirds of all new wealth created in the last two years.
The world’s richest people contribute more to carbon emissions – but how?
At this point, it's no secret that the rich have larger carbon footprints than the poor. But how much are the wealthy actually contributing to the climate crisis?
The starkly different lifestyles of two patients who caught COVID-19 in China
The background:
* In late August of last year, China President Xi introduced his “common prosperity” push, which a senior government official explained as “Common prosperity means doing a proper job of expanding the pie and dividing the pie…”
* This push to balance out the country’s wealth comes after he
Secret IRS files show richest Americans pay nothing in taxes. How do they get away with it?
Some of these revelations are jaw dropping, like the fact that between 2014 and 2018, these 25 Americans experienced an increase of more than US$400 billion in their net worth, despite paying less than 4% of that in taxes.
What’s the deal with these IRS files?
* Recently, ProPublica
Understanding the legacy of “Trickle-Down Economics”
Though originally a criticism of the economic policies of President Ronald Reagan, “trickle-down economics” is now the phrase most commonly associated with the supply-side economic theory that underpinned so-called “Reaganomics.” It has become so ingrained in the culture that even the current Trump administration has used the phrase positively when