Tag #Income Inequality

Showing 1 to 12 of 87 results

forbes.com
🌐 85% Global Worthiness
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Regressive Tax Cuts in New Budget Reconciliation Bill

Congress passed a budget reconciliation bill on July 3rd that extends 2017 tax cuts, disproportionately benefiting high-income households with an average tax cut of $21,000 (95th-99th percentile), while middle- and low-income households receive smaller cuts, resulting in a $4.5 trillion reduction in...

Progress

44% Bias Score

Reduced Inequality
kathimerini.gr
🌐 75% Global Worthiness
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Greek Inflation Disparity Highlights Income Inequality

A study by Giorgos Ioannidis reveals that in Greece during 2022, inflation disproportionately affected lower-income households (10.4%) compared to the wealthiest 10% (8.5%), despite an overall average of 9.6%; this disparity, while lessening in subsequent years, solidified existing inequalities due ...

Progress

28% Bias Score

Reduced Inequality
politico.eu
🌐 85% Global Worthiness
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€32,400 Pay Raises for Top EU Parliament Officials Spark Outrage

Ten top European Parliament officials received €32,400 annual pay raises, reaching potential pre-tax salaries of €278,825.88 following promotions to AD16, sparking criticism amid widespread economic hardship within the EU.

Progress

68% Bias Score

Reduced Inequality
euronews.com
🌐 85% Global Worthiness
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Wide Variation in European Pensioner Poverty Rates

Pensioner poverty rates in Europe vary widely, from 3.1% in Iceland to 37.4% in Estonia in 2022, reflecting differences in welfare systems and pension schemes; Eastern European countries have significantly higher rates than Western and Northern European countries.

Progress

44% Bias Score

No Poverty
elmundo.es
🌐 75% Global Worthiness
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Slowdown in Spanish Household Income Growth Amidst Persistent Inflation

Spanish household pre-tax income growth slowed to 7.4% in Q1 2025, down from 8.5% in Q1 2024, due to slower wage and investment income growth; while exceeding current inflation, past inflation eroded purchasing power, and future projections show a narrowing gap between wage growth and inflation.

Progress

36% Bias Score

No Poverty
elmundo.es
🌐 75% Global Worthiness
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Spain's Economic Paradox: Growth Doesn't Reach Citizens

Spain's 2024 CES annual report highlights a disconnect between positive economic indicators and the struggles faced by citizens, particularly concerning housing affordability, insufficient wages, and long-term unemployment, impacting innovation and social cohesion.

Progress

40% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Labour's Hesitant Redistribution Strategy Amidst Growing Inequality

The UK's wealth inequality, exceeding that of neighboring European countries, has prompted modest redistributive measures from the Labour government, but their hesitant communication strategy raises questions about its effectiveness and authenticity.

Progress

64% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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ATO Data Reveals Tax Avoidance, Negative Gearing Surge, and Widening Wealth Disparity

The ATO's 2022-23 tax statistics show 91 millionaires paid no tax, negative gearing losses increased due to rising interest rates, and high-income earners disproportionately benefit from capital gains, while many nearing retirement lack sufficient superannuation.

Progress

60% Bias Score

Reduced Inequality
elpais.com
🌐 85% Global Worthiness
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Madrid Concentrates 44.6% of Spain's Highest Earners

In 2023, only 14,738 people in Spain declared annual incomes exceeding €601,000; however, 44.6% of them reside in Madrid, which accounts for just 16.3% of all Spanish taxpayers. This concentration is attributed to Madrid's tax policies, creating a significant economic disparity across regions.

Progress

40% Bias Score

Reduced Inequality
cbsnews.com
🌐 85% Global Worthiness
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Republican Budget to Disproportionately Benefit Wealthiest Americans, CBO Finds

The Republican budget proposal, projected to increase average household resources, would disproportionately benefit high-income earners (\$12,000 annually for the top 10%), while the lowest-earning 10% would lose nearly \$1,600 annually, primarily due to cuts in Medicaid and food stamps, according t...

Progress

48% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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US Income Inequality: A Productivity Paradox

Since 1980, U.S. productivity has outpaced worker compensation growth by a factor of two, leading to soaring household debt ($20 trillion) as consumers compensated for stagnant wages, resulting in extreme income inequality and potential social instability.

Progress

56% Bias Score

Reduced Inequality
dw.com
🌐 75% Global Worthiness
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German MPs Approve €600 Monthly Salary Increase

The German Bundestag approved a nearly €600 monthly salary increase for its members, effective July, mirroring a rise in federal judges' salaries, sparking debate about fairness given the smaller increases received by low-income earners.

Progress

52% Bias Score

Reduced Inequality

Showing 1 to 12 of 87 results