The huge gap between America’s rich and superrich exposes a fundamental misunderstanding about inequality

Stuart C. Wilson/Stringer/Getty Destabilizing levels of income inequality, once a problem reserved for developing nations, is now a defining social and political issue in the United States. Donald Trump seized on the issue during the presidential campaign, vowing to become a voice for forgotten Americans left behind by decades of widening wealth disparities. While America’s […]

The huge gap between America’s rich and superrich exposes a fundamental misunderstanding about inequality

Stuart C. Wilson/Stringer/Getty Destabilizing levels of income inequality, once a problem reserved for developing nations, is now a defining social and political issue in the United States. Donald Trump seized on the issue during the presidential campaign, vowing to become a voice for forgotten Americans left behind by decades of widening wealth disparities. While America’s […]

The super-rich are different: they pay less tax

OF LIFE’s two certainties, death cannot be dodged even by the well-to-do. Taxes are another matter. Quantifying quite how much they manage to keep from the taxman, however, has always been tricky. One common approach governments take is to conduct randomised audits of tax returns. This methodology can give regulators a rough sense of overall […]