Discover and read the best of Twitter Threads about #wealthinequality

Most recents (12)

1/7 📉 The late 90s and 2000s were characterized by low interest rates and tax cuts.

While these policies were intended to stimulate the economy, they’ve also had significant implications for wealth inequality in the United States. #economics #inequality
2/7 💵 Low interest rates make borrowing cheaper.

This can benefit wealthy individuals and corporations who have access to credit, enabling them to invest in businesses, real estate, and other assets that can generate wealth. #interestrates #wealthgap
3/7 🏦 For ordinary Americans, however, low interest rates can mean reduced returns on savings.

With little to no growth on their savings, it becomes harder for the middle class to build wealth. #savings #middleclass
Read 8 tweets
"If we want web3 to make good on the promise that it can materially improve the situations of everyone within the ecosystem, and not just a handful of people at the top, we need to design it according to principles that will make that happen." -- @ljin18…
Read 13 tweets
Q. What are fundamentals of economy?

A. GDP growth, unemployment rate, inflation rate, fiscal deficit of the govt, savings & investment rates in the economy, the domestic currency’s relative value against the US $, external debt, level of poverty & inequality, etc...

Read On👇
India's falling #GDP growth in last 5 yrs


FY21-22 GDP growth forecast➡️8.3%

That means, India’s GDP growth over the 2 yrs (FY20-21 & FY21-22) to remain 0.50%

Strong fundamental of economy🤷‍♂️

Read On👇
#UnemploymentRate was at a 45-year high in 2017-18.

As against the norm of 2%-3% unemployment rate, India started routinely witnessing unemployment rates close to 6%-7% in the yrs leading up to Covid. The pandemic made matters worse.

Strong fundamental of economy🤷‍♂️

Read On👇
Read 14 tweets
(1\25) The #vision & addressable market opportunities of Blockchain’s such as @ElrondNetwork & accompanying #community/network $EGLD ⚡️ is vast beyond what many can fully grasp. It’s the opportunity to re-write the rules of the status quo system that currently serve the few (1%) Image
(2\25) & inherently promotes inequitable opportunity & wealth inequality. #Blockchain systems can re-shape every industry #Finance, #Entertainment, #SupplyChain, Content Delivery, #BigTech, #Food, #Agriculture, #Education, #Politics/Government, #Transportation, #healthcare
(3\25) #Digital gaming etc. The existing status quo system restricts the majority from participating both in the value sharing (#investing) at the ground level due to supposed accredited investor protections & the value creation (new products/services) unless one has access to
Read 26 tweets
Police claim “unlawful assembly” after killing 20 year old young black man, with his mom on the phone and his girlfriend beside him as they drove to visit his older brother and see his new home. Here is the PDF from the @aclu_mn re: protests. #BlackLivesMatter
Minneapolis police knew, or should have known, the killing of a young black man stopped in his vehicle, will result in protests. The police should have been prepared for protests and de-escalated it. Journalists have been reporting that police officers are quitting the “force”
because of fear of danger after the George Floyd trial outcome. Therefore, they knew of the repercussions of killing, wrongfully, a young black man. #EnoughIsEnough #StopSystemicRacism
Read 27 tweets
Our work on promoting #socialmobility in 🇦🇹 has finally been released as an @OECD_Social Working Paper:…

Socio-economic outcomes (earnings, occupation, education) are highly persistent across generations in 🇦🇹 even as income inequality is low

Thread 1/6
The paper discusses policies in 4 areas to boost social mobility:

1) Expanding quality early childhood education and care (ECEC) can promote upward mobility. ECEC participation rates in 🇦🇹 have risen over the last decade, but remain below those in many #OECD countries

2) Supporting #youth with their school-to-work transition helps educational mobility. 🇦🇹 already does a lot in this area, but it could improve funding for disadvantaged schools and consider the appropriateness of "tracking" pupils in school at such a young age.

Read 6 tweets
@RandPaul You & your ilk stoke fears of “the masses” Trumps base, to cow & control them. Bc if they/we ever saw the grossly lavish wealth & advantage to which you 1% feel so comfortably entitled, you know we would band together. Red & blue. Against you. Bc we are suffering. You know it.
@RandPaul This is why you all fight so hard to keep the caste system in US blind to the waste of wealth, the hoarding of global money. You convince yourselves you’re somehow stewards of all this power to be used “properly” bc we the people couldn’t handle it. But it never trickles down.
@RandPaul But you discount underestimate us. You may fool some of us that you’re the only ones who can manage all this power and responsibility but you’re wrong. Not only are the people smart enough to eventually see through you, we can unite red and blue. #wealthinequality
Read 6 tweets
1) Your points are manically suppressed by panicked cult victims. DEMS aren't winning & Biden represents nothing outside the status quo of our failed state. Neither logic nor facts support the DNC cult delusions - just craven lies that one evil man is to blame for EVERYTHING.
2) Scapegoating an evil clownish POTUS is great for cult culture, but it's not truth & it won't depose him. What's the END GAME of blaming a single septuagenarian that neither writes, nor READS policy for DECADES of war, kleptocracy & predatory capitalism?
3) Scapegoating a POTUS by deploying HATE not only distracts cult victims from the reality of America's failed state, but it backfires miserably, as lies do.

What does #WealthInequality look like?
💰The top 20% hoard over 90% of our wealth
🎯The next 20% over 9%
☠️60% have < 1%
Read 27 tweets
#WeThePeople are in big, horrible and #YUGE trouble because of #BadPlanning. I want to tell you a story - a modern day #parable.

Two cattle rustlers working on an #InsideJob to steal veal, decided to test their newfound Sharps Buffalo Rifle.
The young rustlers' Sharps 1874 Buffalo Rifle test worked just fine - dropping one of the wealthy land-owning rancher's grazing steer dead with a single bullet of such tremendous caliber - "it blowed a hole in him you that could throw a cat through."
However, the folly of the rife-testing young and impatient American cattle rustlers became immediately apparent when a hair-raising #helicopter versus #car chase exciting ensued.
Read 21 tweets
I'm going to say some things that may be unpopular
I'm listening to #ElizabethWarren speak & its killing me because I agree with almost everything she says & stands for but at this time I still don't think she will have my vote for President
Heres why..

I think one of the biggest issues in our country is #WealthInequality & #ClassWarfare & I think its the basis for the #Corruption we've seen ripping our Country apart.
Elizabeth Warren appears to understand this, possibly better than anyone, but I'm not sure that makes her POTUS
In order to win the Presidency we need a fighter
Someone who not only represents our ideals but has a firm grasp on messaging & political strategizing
A leader who can organize others to believe & back their ideas
Warrens demonstrated that if she gets hit she gets back up
Read 8 tweets

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