The hottest Wealth Inequality Substack posts right now

And their main takeaways
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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.

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
  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.

American Nationalism, Teddy-Roosevelt Style!

Brad DeLong's Grasping Reality • 215 implied HN points • 24 Feb 24
🇺🇸 U.S. Politics Nationalism Progressivism Wealth Inequality
  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.

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.
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$10 Trillion Stolen Right Under Our Noses

COVID Reason • 1768 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.

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.

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.

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.

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.

"Income and Wealth Inequality Went Down During the Pandemic": A Q&A with Felix Salmon

James Ledbetter's FIN • 5 implied HN points • 07 May 23
💰 Finance Fintech Wealth Inequality Digital Payments Music Industry Global Economy
  1. Income and wealth inequality decreased during the pandemic due to stimulus and increased minimum wages.
  2. The pandemic accelerated technological advancements, such as the development of mRNA vaccines and digital payments.
  3. Changes in real estate preferences indicate a lasting shift towards valuing residential space over commercial space.

Are we kidding ourselves on competition?

Joshua Gans' Newsletter • 0 implied HN points • 18 Apr 15
💼 Business Competition Market Power Wealth Inequality
  1. Traditional models of competition in oligopolies may not consider the impact of cross-ownership of shareholders on firm behavior.
  2. Shareholders with stakes in multiple firms might prioritize overall profits rather than just the profits of the firm they own, potentially leading to collusive outcomes.
  3. The distribution of wealth among shareholders and their relation to consumption levels are important factors to consider in addressing market power and wealth inequality.

Smug liberal lockdown supporters should be happy with their skyrocketing grocery bills

Anxiety Addiction & Ascension • 0 implied HN points • 25 Apr 22
🇺🇸 U.S. Politics Economic Policy Societal Impact Wealth Inequality
  1. Supporters of lockdowns and money printing may face harsh reality with rising grocery bills.
  2. Outsourcing personal agency to bureaucracies and adopting slogans over dialog can lead to negative consequences.
  3. The system may be failing due to cronyism, and a return to true capitalism based on freedom might be necessary.