The hottest Wealth Inequality Substack posts right now

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When There's No Money In The Pursuit Of The Good And No Goodness In The Pursuit Of Money

Caitlin’s Newsletter • 1937 implied HN points • 24 Feb 25
🇺🇸 U.S. Politics Wealth Inequality Activism Capitalism
  1. Pursuing good often leads to less money and material comfort, as many helpful professions pay poorly, like teaching and environmental work.
  2. On the flip side, many wealthy people achieve their success through exploitation and harmful practices, which can hurt society and the environment.
  3. This situation shows how our systems reward those who prioritize profit over ethics, meaning the truly good people often go unrecognized while the selfish gain power.

HOISTED FROM THE ARCHIVES FROM 1998: Robber Barons

Brad DeLong's Grasping Reality • 207 implied HN points • 15 Feb 25
🇺🇸 U.S. Politics Wealth Inequality Capitalism Political Influence Economic History Corruption
  1. Wealth in the economy often concentrates in the hands of a few people, often called billionaires. Their success can depend on timing, connections, and sometimes political favors.
  2. Historically, periods of high wealth concentration have not always led to faster economic growth. Curbs on wealth accumulation can actually coexist with healthy economic performance.
  3. The past presence of 'robber barons' and their role in building infrastructure shows that their success often involved corruption and manipulation, but they also contributed significantly to the nation's development.

How Silicon Valley got rich

The Novelleist • 521 implied HN points • 28 May 25
💼 Business Economics Entrepreneurship Investing Corporate Governance Wealth Inequality
  1. The rise of Silicon Valley demonstrated how entrepreneurship and venture capital can change the economy. A group of engineers creating a new tech company set the stage for tech innovation and entrepreneurship in the region.
  2. Employee equity programs allowed many workers to gain a stake in the companies they helped build, leading to wealth creation among employees. However, there is a growing inequality, where top executives earn much more than regular workers.
  3. For a fairer economy, we need to increase employee ownership in companies. This could help reduce wealth inequality and provide more opportunities for workers to benefit from their contributions.

You Will Never Be a Billionaire You Stupid Fuck

antoniomelonio • 1368 implied HN points • 29 Jan 25
🇺🇸 U.S. Politics Class Struggle Wealth Inequality Social Change Consumer Culture
  1. The idea that anyone can just hustle their way to becoming a billionaire is a big lie. Most people are stuck in a system that keeps them from rising to the top.
  2. Society feeds you illusions about success to keep you working hard for little reward. Rather than idolizing the rich, we should unite and demand better for everyone.
  3. Real change comes from solidarity with others who struggle, not from individual pursuits. We need to challenge the system and fight for true equality and liberty for all.

Citizen Musk

Robert Reich • 32331 implied HN points • 26 Jan 24
🇺🇸 U.S. Politics Government Political Rhetoric Media influence Wealth Inequality Democracy
  1. Elon Musk has been spreading misinformation about immigration and voting laws, similar to Trump's tactics.
  2. Musk's massive influence and control over Twitter (X) pose a threat to democracy and accountability.
  3. The concentration of wealth in individuals like Musk can be dangerous for democracy by allowing them to evade consequences and manipulate public opinion.
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The Rich and the Cheap

Bet On It • 392 implied HN points • 29 Jan 25
🇺🇸 U.S. Politics Tax policy Regulation Wealth Inequality Behavioral Economics Political theory
  1. High taxes or regulations on wealthy people might not work out as planned. Just because the rich can afford it, doesn't mean they will stick around to pay it.
  2. Many wealthy individuals are also frugal. When taxed more, they might choose to earn less or stop certain activities to avoid those costs.
  3. Large companies may appear to afford extra taxes and regulations, but they can choose to cut back on what they do instead. This means the burden of such policies can end up hurting regular folks more than the rich.

Rich and Poor: How Things Work

Fake Noûs • 702 implied HN points • 18 Jan 25
🇺🇸 U.S. Politics Economic Theory Wealth Inequality Political Ideologies Social Mobility Labor Economics
  1. The left and right have very different views on how wealth is created and who deserves it. Leftists see rich people as taking advantage of workers, while rightists believe everyone contributes to wealth creation.
  2. Many people can move up the economic ladder, and success isn't solely about one's environment or education. Personal talent and hard work play a big role.
  3. The rich provide essential resources that support society, while the poor often rely on the wealthy for stability. Instead of resenting the rich, the poor could recognize their contributions.

Norway’s Wealth Tax Is Backfiring. Are Americans Paying Attention?

The Take (by Jon Miltimore) • 277 implied HN points • 11 Oct 24
🇺🇸 U.S. Politics Tax policy Economic Impact Wealth Inequality Regulatory issues
  1. Norway's increased wealth tax led to many rich people leaving the country. This departure caused the government to lose significant income.
  2. The wealth tax was supposed to bring in more money, but it ended up costing the government much more than expected. The wealthy took their money elsewhere, leaving a big gap in revenue.
  3. Similar wealth tax proposals are being considered in the U.S., but if they mirror Norway's experience, they could drive wealthy individuals out of the country too.

George Takei posed 5 important questions to me. Here are my answers

Robert Reich • 26297 implied HN points • 13 Jun 23
🇺🇸 U.S. Politics Wealth Inequality Progressive politics Youth Engagement Systemic Issues
  1. The system of wealth allocation and generation is broken but can be fixed by learning from history and creating new political alliances.
  2. Creating a social safety net to eliminate poverty is possible through policies like universal basic income and wealth tax on the super-rich.
  3. America is experiencing parallels to the Gilded Age with the billionaire class amassing wealth and power, but potential for change lies in building the political will for progress.

The Inner Civil War

Altered States of Monetary Consciousness • 1034 implied HN points • 04 Dec 24
🇺🇸 U.S. Politics Economy Class Struggle Labor Unions Wealth Inequality Capitalism
  1. The economy has different classes like shareholders, managers, workers, and consumers, each playing a role in a complex system. Understanding these roles helps explain where money and power flow.
  2. Money acts like 'soup vouchers' that represent our claims on resources. The wealthy often accumulate a vast amount of these vouchers, leading to significant inequality.
  3. Workers often feel pressure from their bosses and compete against each other for jobs. This creates tension and can make collective action difficult to achieve.

The rich are controlling our government

The Novelleist • 608 implied HN points • 09 Dec 24
🇺🇸 U.S. Politics Campaign Finance Political Influence Wealth Inequality
  1. Wealthy individuals and organizations have a lot of control over politicians through campaign donations. This creates a system where elected officials might favor the interests of their donors over the general public.
  2. Dark money in politics makes it hard to track where campaign funding comes from, which gives even more power to wealthy donors. This lack of transparency can lead to policies that mainly benefit the rich.
  3. To change this system, we can either amend laws to limit corporate donations or create grassroots movements to support independent candidates. Building a political party that truly represents the public, not just the wealthy, is essential for a fairer democracy.

$10 Trillion Stolen Right Under Our Noses

COVID Reason • 1784 implied HN points • 28 Aug 23
💰 Finance Economy Public Policy Inflation Wealth Inequality Government spending
  1. Over $10 trillion was spent on the COVID-19 pandemic, with $6 trillion from CARES Act and $4 trillion from Biden's administration.
  2. Money was stolen through fraud and embezzlement during COVID relief, with the effects leading to inflation and societal wealth disparity.
  3. The spending spree due to the pandemic led to significant financial losses, missed opportunities, and wealth redistribution, impacting many aspects of people's lives.

Capitalists Do Not Take Risks.

JoeWrote • 130 implied HN points • 19 Nov 24
🇺🇸 U.S. Politics Capitalism Labor Rights Economic Theory Wealth Inequality Political Economy
  1. Capitalists often claim they take risks when starting businesses, but the reality is they just risk losing money, while workers create the real value.
  2. The idea that financial risk deserves the biggest reward is flawed. Labor plays a crucial role in producing wealth and should be valued more than just money at stake.
  3. Ultimately, capitalists face the possibility of becoming workers themselves if their businesses fail, but this isn't much of a risk compared to the actual physical and personal risks that workers take daily.

The Beast That Can't Be Killed

God's Spies by Thomas Neuburger • 150 implied HN points • 11 Feb 25
🇺🇸 U.S. Politics Regulation Capitalism Economic Policy Consumer Rights Wealth Inequality
  1. Capitalism has a tough time changing, even with attempts at regulation. Efforts to control it often fail, showing that it can be very resilient.
  2. Billionaires and powerful capitalists can influence and undermine regulatory bodies. Efforts to create rules for them can be ignored or dismantled.
  3. The system of capitalism can lead to negative outcomes for everyone, as the wealthy often prioritize their interests over the public good.

January 16, 2025

Letters from an American • 17 implied HN points • 17 Jan 25
🇺🇸 U.S. Politics Economic Policy Wealth Inequality Government Regulation Political Leadership Social justice
  1. President Biden warned that a rich and powerful elite, or oligarchy, is threatening democracy in America. This means that a small group is gaining too much control over the government and people's lives.
  2. Economic inequality has grown significantly since the 1980s, with more wealth moving to the top 1%. This shift has made it harder for everyday Americans to get ahead.
  3. The American public is increasingly unhappy about this inequality, as shown by recent events. People are starting to recognize the dangers of extreme wealth concentration and are looking for change.

The Wealth Transfer Nobody Talks About

Ijtihad • 57 implied HN points • 10 Nov 24
🇺🇸 U.S. Politics Military Spending Wealth Inequality Tax policy Foreign Aid Media Critique
  1. The U.S. military spending largely benefits the wealthy, as tax money is used to fund arms sales to other countries.
  2. Around $113 billion has been spent on military assistance to Ukraine and Israel over the past decade, taking funds from public resources.
  3. Mainstream media often ignore this issue, which affects many Americans, likely due to their ties to rich donors.

The Capitalist is Useless.

JoeWrote • 92 implied HN points • 15 Oct 24
🇺🇸 U.S. Politics Capitalism Socialism Economic Theory Labor Rights Wealth Inequality
  1. Capitalists were once important for society by helping to build industries and trade. Now, they are seen as less useful because most work is done by the people, while capitalists take the profits without doing much themselves.
  2. Modern technology comes a lot from public funding and resources, showing that capitalists often profit off ideas created by the public. So, people can question what actual role capitalists play in today's economy.
  3. Instead of relying on capitalists, society could benefit more from worker-owned businesses and government-managed industries. This would allow everyone to get fair value for their work and reduce exploitation.

Richest 1% took 2/3rds of global wealth since 2020 - twice as much as 99% of population earned

Geopolitical Economy Report • 518 implied HN points • 18 Jan 23
🌍 World Politics Wealth Inequality Taxation Economic System Climate change
  1. Since 2020, the wealthiest 1% of the world's population took nearly two-thirds of new wealth, significantly more than the rest of the population.
  2. Global poverty is worsening while the very richest individuals continue to amass huge amounts of wealth, creating an alarming level of inequality.
  3. Oxfam's report highlights the need for governments to increase taxes on the rich, invest in social services, and address the economic systems that benefit the wealthy.

What Happened to You?

Remarkable People • 4 HN points • 11 Sep 24
💼 Business Entrepreneurship Innovation Social Impact Economics Wealth Inequality
  1. Innovation was originally about making the world better, not just making money. It’s important to create things that have a positive impact on people's lives.
  2. The focus has shifted from creating meaningful products to purely making profits. This change can lead to losing the original vision behind a project or business.
  3. Entrepreneurs today should aim for a balance between doing well financially and doing good for society. There are examples like Salesforce that show you can be successful while also helping others.

Naming the Perp: Very Few People Cause All of the World's Worst Problems

God's Spies by Thomas Neuburger • 125 implied HN points • 27 Nov 24
🇺🇸 U.S. Politics Wealth Inequality Political Economy Power Dynamics Corporate Influence
  1. A small number of wealthy individuals control a huge amount of money. Just 800 Americans hold around $6 trillion, showing how wealth is very concentrated.
  2. Investment firms manage a lot of this wealth, with 117 people deciding where to invest over $50 trillion. This means a few people hold significant power over global investments.
  3. Most of the world's problems are caused by a tiny group of individuals. Recognizing them makes it easier to hold them accountable and work towards change.

Slouching towards dystopia in London

Wrong Side of History • 384 implied HN points • 16 Jan 24
🌍 World Politics Housing Crisis London Wealth Inequality
  1. The gap between rich and poor in London is widening, leading to a dystopian portrayal in media and reflecting real housing crisis issues.
  2. London faces a severe housing crisis with 1.2 million people waiting for social housing, causing downstream consequences like overcrowding and undesirable living conditions.
  3. Housing costs in London are impacted by supply and demand imbalances, making the problem both complex and simple to understand.

Stop Weapons of Mass Deception

Diane Francis • 639 implied HN points • 09 Feb 23
💰 Finance Corruption Taxation Wealth Inequality Money Laundering Legislation
  1. Financial secrecy allows wealthy individuals and corporations to hide their money, making the rich richer and increasing inequality. This harms democracy and pushes resources away from public services.
  2. Countries and financial institutions often enable tax evasion and money laundering by providing loopholes and anonymity to the wealthy, which impacts economies everywhere.
  3. To fix these issues, reforms are needed to increase transparency, ban anonymous financial vehicles, and hold enablers accountable, especially in the growing realm of cryptocurrencies.

American Nationalism, Teddy-Roosevelt Style!

Brad DeLong's Grasping Reality • 215 implied HN points • 24 Feb 24
🇺🇸 U.S. Politics Nationalism Progressivism Wealth Inequality Financial Policy
  1. Teddy Roosevelt aimed to emphasize the importance of American heritage and the impact of the Pilgrims and Puritans on the nation.
  2. He advocated for building on the positive qualities of the past while recognizing the advancements made since then.
  3. Roosevelt promoted fighting against plutocracy and enforcing fair treatment in wealth accumulation, favoring a balance of individual initiative and collective responsibility.

What Elites Do To Others...

God's Spies by Thomas Neuburger • 90 implied HN points • 18 Oct 24
🇺🇸 U.S. Politics Political theory Social justice Government Policy Wealth Inequality Civil Rights
  1. Elites often make tough decisions that primarily hurt those who are less privileged. They don't usually consider sacrificing their own benefits to help others.
  2. The current climate crisis is getting worse, with potential environmental disasters looming. Action from wealthy individuals and leaders is essential, but they often prioritize their own interests.
  3. Many billionaires believe they cannot be taxed effectively. There are ways to change this, but it requires strong policies and willingness to take action against the wealthy.

A Possibly Medieval Future

Via Appia • 2 implied HN points • 25 Jan 25
🕹 Technology AI Development Wealth Inequality Social Structures Labor Market Data Privacy
  1. As AI technology grows, the value of capital will likely become more important, possibly increasing wealth inequality. This means that having money might give some people more power than others.
  2. AI systems will reflect the values and choices of the people who create them. If not carefully designed, these systems can influence society in ways that are hard to change later.
  3. Despite these challenges, right now we have a chance to shape the future positively. People can still learn about AI, influence how it develops, and make choices to enhance individual freedoms.

Philosophical economics: Status anxiety

Klement on Investing • 4 implied HN points • 09 Jan 25
📖 Philosophy Economic Theory Political Economy Social Dynamics Wealth Inequality
  1. Status anxiety makes people feel like they are doing worse than their peers, leading them to take bigger risks in their investments or choices. This could mean putting themselves in tough situations just to feel they might catch up.
  2. Recent events like Brexit and the election of Donald Trump can be seen as responses to this anxiety. People felt left behind, and their desire to disrupt the system was a way to express their frustration.
  3. Economic changes, like slower growth and higher taxes, can worsen the feelings of anxiety among the less well-off. When people feel they have no control, they often react in ways that can hurt the economy instead of helping it.

The Case for Fiat

The Dollar Endgame • 159 implied HN points • 23 Sep 23
💰 Finance Monetary Systems Economic Theory Financial Literacy Cryptocurrency Wealth Inequality
  1. The fiat system's survival doesn't depend on morality, as history shows evil systems have persisted. People may feel powerless against organized evil but may also become complicit in it.
  2. The fiat system, flawed as it is, has worked to lift many out of poverty and fuel innovation. Everyday citizens often lack the financial and political knowledge to make informed decisions about the system.
  3. Bitcoin's adoption faces hurdles as the majority may not share the beliefs of its proponents. Transitioning to a new system might lead to short-term pain and disparities, impacting various demographics differently.

Oxfam names perp, Olympic-level surveillance, Boots on the ground...where?

God's Spies by Thomas Neuburger • 40 implied HN points • 01 Nov 24
🌞 Climate & Environment Climate change Carbon Emissions Wealth Inequality Environmental Policy Sustainability
  1. The super-rich have a huge negative impact on the environment through their private jets and yachts. They emit more carbon in a short time than average people do in their whole lives.
  2. Oxfam's report shows that climate change hits the poorest the hardest, even though they contribute the least to the problem. It's unfair that those who do the least suffer the most.
  3. There is potential for governments to collect significant funds from wealth taxes on billionaires and corporations, which could help finance climate efforts. This suggests that the very wealthy need to be held accountable for their emissions.

The Republic of Walmart

Diane Francis • 619 implied HN points • 26 Apr 21
🇺🇸 U.S. Politics Tax policy Corporate ethics Economic Justice Government Regulation Wealth Inequality
  1. Big corporations in America often find ways to avoid paying taxes, leaving regular individuals to pay more. This creates an unfair burden on the average taxpayer.
  2. Janet Yellen is working on a plan to make sure that these big companies pay at least a minimum tax, no matter where they operate. This could help level the playing field for everyone.
  3. Tax havens and loopholes allow companies to dodge paying their fair share, which hurts the economy and public services. Reforming these systems is important for financial fairness.

America's Record Wealth Boom

Apricitas Economics • 45 implied HN points • 26 Oct 23
💰 Finance Stock Market Wealth Inequality
  1. Middle-class Americans have seen a significant increase in wealth, with real median net worth rising by 37% over the last three years.
  2. The SCF provides detailed insights into wealth distribution, tracking assets from cash balances to investments among diverse groups.
  3. Wealth inequality in the US has slightly decreased during the pandemic, with assets held by the middle class rising faster than average.

Greed Counters Greed

Spud’s Substack • 2 HN points • 13 Jul 24
🌍 World Politics Population Growth Wealth Inequality Sustainability
  1. Greed is seen as a primary force governing actions, like control of medical boards and warfare, including the existence of counterfeit currency.
  2. The human population's natural desire to grow conflicts with limited resources, resulting in poverty and societal challenges.
  3. The clash between the greed of powerful entities and the masses leads to societal inequalities and constant struggles.

In Search of Effective Activism Part 2: "These Streets Should Be Paved with Gold"

As If We Were Staying • 3 implied HN points • 08 Nov 24
🇺🇸 U.S. Politics Activism Wealth Inequality Community Organizing Environmental justice Political Economy
  1. Communities often end up missing out on wealth created in their area because big companies take profits away. People need to recognize this and push for change to keep more benefits local.
  2. Effective activism involves directly addressing the systems and industries that drain wealth from communities. This means fighting for better local governance and working together to build stronger, more resilient areas.
  3. Individuals can find ways to make a difference by focusing on their strengths and interests. Whether it's through education, environmental efforts, or community organization, everyone can contribute to creating a fairer system.

Abolish the SALT Deduction

California Thoughts • 19 implied HN points • 12 Feb 23
🇺🇸 U.S. Politics Taxation Wealth Inequality Government spending Tax policy
  1. Repealing or increasing the cap on the SALT deduction would benefit the richest Americans and increase inequality.
  2. Factors like housing costs influence migration more than taxes, so removing the SALT deduction cap may not lead to as much migration as expected.
  3. It is suggested to abolish the SALT deduction and most other itemized deductions to prioritize spending on anti-poverty measures.