Unsustainable wealth gap articles
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Biden touts progress on racial wealth gap — that may come with more property taxes
President Joe Biden plans to tout his progress on closing the “racial wealth gap” Friday in a speech at the Rev. Al Sharpton’s National Action Network’s 2024 convention. Biden is locked in a dead heat with former President Donald Trump ahead of the 2024 general election in November, and polling indicates that his popularity among […]
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Inequality worsening as wealth gap widens to highest since 2015: TD Bank report
The gap between the highest earners and lowest income groups last year was at its widest since 2015 as the wealthiest households saw income grow much faster than lower-income Canadians. Higher interest rates are pushing middle- and lower-income households to spend more conservatively, which means consumer spending by the top earners will play a critical role in keeping the broader economy going. As the national household net worth rebounded to 4.5 per cent last year, from a 6.5 per cent...
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How to close the tax gap
Politicians love to talk about the tax gap as a pain-free revenue-raiser, but there is a genuine difference between tax owed and what’s collected, mostly because the system is far too complicated, says Tim Sarson Last week the Shadow Chancellor Rachel Reeves summoned up an old favourite of British fiscal administration: the tax gap. Labour []