Multi-Millionaires — Who are they?

By Gwydion M. Williams Do millionaires earn their money through skill and hard work?  Millionaires certainly think so.  Likewise their right-wing boosters.  But just look at the sums involved: it is hard to believe that they deserve that much.  Could anyone be hundreds of times better than the rest of us? A Briton making £100,000 a year might indeed have earned … Continue reading Multi-Millionaires — Who are they?

Quantitative Easing and Inequality

Q.E. and Inequality Parliament Notes Has QE created more inequality? This was one of the questions examined by the Lords Economic Affairs Committee on Quantitative Easing.  (See list of all questions examined below).  Some witnesses, such as Paul Tucker, former Deputy Governor of the Bank of England, thought that QE did increase inequality.  The present Governor, Andrew Bailey, … Continue reading Quantitative Easing and Inequality