Inequality is not just about the gap between the rich and the poor. It is about the super-rich pulling away from the rest of us. Decades of tax cuts for the richest and corporations have fueled wealth disparities, with the poorest people in many countries paying higher tax rates than billionaires.
Over the past several years, we have witnessed deepening inequality worldwide due to the ongoing pandemic, the climate crisis and, most recently, a skyrocketing cost of living. Meanwhile, billionaires are profiting from the suffering of people around the world — inequality contributes to the death of 1 person every 4 seconds.
Our report reveals how inequality has magnified over the past year and details how those in positions of power are complicit in the process. Our findings include common-sense solutions powerful individuals and entities can take today to close the gap between the richest and the rest of us.
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