“Money always helps, but for the very poor, one lump sum can last a long time,” Dylan Matthews reports.
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What if money expired?
Jacob Baynham: “A long-forgotten German economist argued that society and the economy would be better off if money was a perishable good. Was he an anarchist crank or the prophet of a better world?”
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Oxfam says wealth of richest 1% equal to other 99%
A new report from Oxfam, based on data from Credit Suisse, finds that one percent of humanity as much wealth as the remaining 99% of the population. Oxfam also found that the richest sixty-two people in the world had as much wealth as the poorest half of the global population.
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Trickle down doesn’t: New study finds that income inequality makes the wealthy less generous
Bloomberg reports: “If Charles Dickens’s Victorian London had more income equality, Ebenezer Scrooge wouldn’t have been such a miser. That’s the implication of new research that suggests inequality makes wealthy people less generous. The study published today in the Proceedings of the National Academy of Sciences is the first to probe how inequality influences altruism.”
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