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Posted on 11/13/2025 4:00:01 PM PST by Oldeconomybuyer
CAPE TOWN, South Africa (AP) — Hundreds of top economists and other experts, including former U.S. Treasury Secretary Janet Yellen, called on Friday for the world to set up an independent international panel on income and wealth inequality.
The call in an open letter came before the Group of 20 summit in South Africa next weekend, when a report on global inequality chaired by Nobel Prize-winning American economist Joseph Stiglitz is due to be presented to world leaders.
That report, which was released this month, said that the world is facing an inequality emergency as well as a climate emergency, leading to more political instability and conflicts, and “decreased confidence in democracy.”
Between 2000 and 2024, the richest 1% captured 41% of all new wealth created in the world, the report said. Meanwhile, one in four people globally — around 2.3 billion people — now face moderate or severe food insecurity, meaning they regularly skip meals. That number has increased by 335 million people since 2019, the report said.
The report recommended a new International Panel on Inequality to advise governments on how to address the issue in the same way the U.N.-appointed Intergovernmental Panel on Climate Change does to help develop climate policies.
(Excerpt) Read more at apnews.com ...
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Same buttholes as the “top” climate scientists
In South Africa , ROFL
World leaders say top economists only have a couple hundred votes at most, so who cares?
Economists are in an inequitable situation and need to be dropped to a peasant level.
Economics is a dismal “Science”.
QED.
No.
*Originally a much more violent term, but I feared to get the zot.
Request denied.
nothing can be done about intelligence inequality, accept embrace capitalism since it has lifted more people out of poverty than any economic system in history.
And those people skipping meals are probably much healthier than the 500 lbs behemoths that I see rolling around Walmart on electric scooters filling the baskets with ultra-processed food.
“In South Africa , ROFL”
No kidding. Went from a prosperous, clean, safe place to the bottom-of-the-barrel shithole in what? 30 years? 40? Zero property rights for white farmers...IF they are not killed outright. How’s that for spreading the wealth around?
They need to set up an international panel on work and effort inequality.
how about, NO
Lol. Economists are incompetent. Hiring one will ruin your business. Top commies is a better description. They are willing to volunteer to honcho this wealth inequality initiative, for a fee, of course.
This is insanely transparent.
SAME old Leftist crap.
EVERY answer for them is:
Higher Taxes
Give poor something for nothing
Cut fossil fuels
Go away already and piss off.
Wait a minute.... if “equality” is the ultimate good, how can anyone be “top”?
As happens many times each day, I am reminded of the great El Rush-Bo. Rush stated that one of the huuuuge inequalities in the world is the unequal distribution of free enterprise (capitalism for those of you in Rio Linda).
It sounds like they’re cooking up a new way to fleece even more money out of the middle and working classes.
They just want the US taxpayers to pay everyone’s bills and healthcare.
Screw ‘em.
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