wealth

Are the Poor getting poorer because the Rich are getting richer? Abdulganiyy Olanrewaju   ABSTRACT Public debates about inequality often rest on an intuitive but flawed assumption: that wealth in society resembles a fixed pie. From this view, when the rich gain, the poor must inevitably lose. Yet economic history, empirical evidence, and the logic […]

  Sovereign wealth funds have gained attention as governments increasingly rely on them to manage public assets. In the past decade, their total assets have doubled, growing from $6.7 trillion in 2014 to $12.7 trillion in 2023. If the combined sovereign wealth funds were a country, it would be the world’s third-largest economy, trailing only the […]

  Increasing inequality is a hot topic in many developed countries, especially among younger generations. Many have suggested that higher tax rates at the top income level would solve the problem. French economist Thomas Piketty, for example, advocates for this solution not necessarily because it would increase government revenue and redistribute income, but primarily because […]