Tag #Wealth Inequality

theguardian.com
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Murdoch Loses Family Control Battle

Rupert Murdoch lost a legal battle with three of his children over control of his media empire, preventing him from transferring sole control to his son Lachlan; the details of the Nevada court ruling remain sealed.

Progress

48% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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CEO Murder Highlights Public Anger at Predatory Health Insurance Practices

The murder of UnitedHealthcare CEO Brian Thompson sparked public glee rather than horror, highlighting widespread anger towards the company's predatory practices and the broader issue of corporate greed harming vulnerable populations. The alleged murderer, Luigi Mangione, has garnered sympathy.

Progress

56% Bias Score

Reduced Inequality
nbcnews.com
🌐 85% Global Worthiness
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IRS struggles to collect taxes from wealthy non-filers

The IRS is struggling to collect taxes from tens of thousands of wealthy Americans who avoid filing returns, exploiting a loophole where non-filing is a misdemeanor, not a felony; a recent initiative has collected $292 million in additional taxes, but millions more remain uncollected.

Progress

56% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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UK Wealth Doubled Since 1980, But Inequality Remained Stable, Unlike the US

A Resolution Foundation report reveals that while UK household wealth doubled since 1980, wealth inequality remained relatively stable, unlike the US; however, rising wealth inequality between age groups is a concern, particularly concerning homeownership and inheritance.

Progress

36% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Trump's Billionaire-Filled Administration Sparks Concerns

Donald Trump's 2024 administration will be the wealthiest in US history, with at least 11 appointees holding billionaire status or close ties to billionaires, raising concerns about policy decisions favoring the wealthy and potential cuts to social programs.

Progress

64% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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COP29's Insufficient Climate Funding and the Proposed Billionaire Tax

COP29's $300 billion climate finance target fell short of expectations, prompting criticism; a proposed 2% tax on billionaires could generate $250 billion annually for climate action, but faces political hurdles.

Progress

52% Bias Score

bbc.com
🌐 85% Global Worthiness
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Suspect in CEO Killing Contests Extradition Amid Online Outrage

Luigi Mangione, suspected of killing UnitedHealthcare CEO Brian Thompson, was arrested in Pennsylvania on Monday and is contesting extradition to New York, where he faces murder charges; his arrest sparked online controversy and debate about healthcare costs and corporate accountability.

Progress

56% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Nvidia CEO Avoids Billions in Estate Taxes Through Legal Loopholes

Jensen Huang, Nvidia's CEO, employed legal strategies, including trusts and charitable donations, to minimize his family's estate tax liability, potentially avoiding billions in taxes, showcasing how the ultra-wealthy leverage legal loopholes to reduce their tax burden, while government revenue from...

Progress

68% Bias Score

Reduced Inequality
lemonde.fr
🌐 75% Global Worthiness
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Decathlon Employees Protest €1 Billion Shareholder Payout Amidst Low Wages

Dozens of Decathlon employees protested in France on December 7th, 2024, against a €1 billion shareholder payout while facing low wages and job cuts, highlighting corporate profit disparities and employee compensation.

Progress

48% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 75% Global Worthiness
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Sheinbaum Demands Salinas Pay 30 Billion Pesos in Back Taxes

Mexico City Mayor Claudia Sheinbaum publicly warned Ricardo Salinas Pliego, head of Grupo Salinas, that he must pay over 30 billion pesos in back taxes, escalating their conflict amidst Salinas's criticism of the Mexican government from Argentina, where he participated in a far-right CPAC event.

Progress

44% Bias Score

Reduced Inequality
liberation.fr
🌐 75% Global Worthiness
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"Decathlon Faces Strike After €1 Billion Dividend Amidst Job Cuts and Low Wages"

"Following Auchan's job cuts, Decathlon's €1 billion dividend payout triggered a Decathlon-wide strike on December 7th, 2024, due to employee concerns over low wages, increased workloads resulting from 1,000 job cuts since 2024, and perceived lack of corporate social responsibility."

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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UK Wealth Inequality: Osborne's Profits Expose Urgent Need for Wealth Tax

Former UK Chancellor George Osborne's recent £70 million profit share highlights the UK's accelerating wealth concentration, with £5.5 trillion in inheritance expected over 30 years, exacerbating inequality and necessitating wealth tax reform for social mobility and public funding.

Progress

56% Bias Score