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Tag Archives: Wealth

Chart of the WeekHow the Rich Get Richer

By Davide Malacrino Wealth begets wealth. This simple concept of privilege has added to growing discontent with inequality that has escalated under the shadow of the COVID-19 pandemic. A paper co-authored this year by economists from the IMF and other institutions confirms that wealthier people are more likely to earn higher returns on their investments. It also shows that the children of wealthy people, while likely to inherit that wealth, aren’t necessarily going to make the same high...

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Game-Changers and Whistle-Blowers: Taxing Wealth

By James Brumby and Michael Keen February 13, 2018  Versions in 中文 (Chinese), 日本語 (Japanese) New Delhi, India: there are now very few effective explicit wealth taxes in either developing or advanced economies (photo: Jens Kalaene/Corbis). High and rising income inequality is a serious concern in many countries, as highlighted in the IMF’s recent Fiscal Monitor. Wealth, however, is distributed even more unequally than income, as in the picture below. Although Thomas Piketty has...

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Top Ten Charts of the Week: 2017

By IMFBlog January 3, 2017 The top 10 charts of the week of 2017 help illuminate the uncharted waters ahead for the global economy  (photo: Kotka, Finland-Newspix24/SipaUS/Newscom). In the Spring of 2017, we began our Chart of the Week feature on the blog: snapshots in time and over time of how economies work, to help illuminate the uncharted waters ahead for the global economy. Here are the top ten Charts of the Week of 2017, based on your readership. The Year in Review: Global...

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For The First Time Ever, The “1%” Own More Than Half The World’s Wealth: The Stunning Chart

Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what has become the single biggest reason for the recent “anti-establishment” revulsion: an unprecedented concentration of wealth among a handful of people, as shown in Swiss bank’s infamous global wealth pyramid, an arrangement which as observed by the “shocking” political backlash of the past year, suggests that the lower...

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