Timo D.

Bottom 50% in China now have more average personal wealth than the bottom 50% in the US

Against all evidence, societies with more income inequality make young people believe they have more chances to climb the social ladder. www.science.org/doi/full/10....

Wenn man die Skala nicht beachtet, könnte man denken, die ärmere Hälfte der Bevölkerung wäre bald so reich wie die reichsten 10%…

Überblick und ein paar Gedanken zum Klima- und Energie-Verhandlungsstand von CDU/CSU+SPD: 🧵 1/16
#Koalitionsverhandlungen

Teaching the political economy of the green transition this term, I used, and learned from, some amazing 𝐜𝐥𝐢𝐦𝐚𝐭𝐞 𝐩𝐨𝐥𝐢𝐜𝐲 𝐭𝐨𝐨𝐥𝐬 𝐚𝐧𝐝 𝐭𝐫𝐚𝐜𝐤𝐞𝐫𝐬. A 🧵 on some of the best. Further suggestions are very welcome, I'll add them below.

Was hätte wohl Harry G. Frankfurt zu ChatGPT etc. gesagt?

Massive polarization of young voters between far left and right and along gender lines.

"The optimal top marginal income tax rate is an already high 63%. Using the median inequality externality estimate, the top optimal marginal tax rate rises to the much higher 81%. [...] It is possible that the most crucial tax design question is whether equality is more efficient than inequality."

In this new paper we calculate the unequal exchange of labour between the global North and global South. The results are quite staggering. You'll want to look at this... 🧵

Die Abbildung zeigt unter der Überschrift "Superreiche (wieder) gerecht besteuern." den Text "Eine Analyse des effektiven Steuerbeitrags von Superreichen in der Schweiz, Österreich und Deutschland". Daneben sind die Logos des Netzwerk Steuergerechtigkeit, der ETH Zürich, der KOF an der ETH Zürich, Oxfam Deutschland und des Momentum Institut zu sehen.

Typische Multimillionäre zahlen in 🇩🇪 und 🇦🇹 nur bis zu 30% Steuern auf ihr Einkommen und das inkl. Unternehmensteuern. Konkrete Beispiel-Milliardäre sogar nur 26%. Das zeigt unsere vergleichende Studie in den drei Ländern mit @momentum-institut.at, ETH Zürich (KOF) und @oxfam-de.bsky.social. (1/5)

The economic commitment of climate change - Nature Analysis of projected sub-national damages from temperature and precipitation show an income reduction of 19% of the world economy within the next 26 years independent of future emission choices.

Ouch. "We find that the world economy is committed to an income reduction of 19% within the next 26 years independent of future emission choices."

aka the case for a job guarantee

Werden Rentenansprüche in das Haushaltsvermögen eingerechnet, reduziert sich die Vermögensungleichheit - Infografik mit Kreisdiagrammen

Neue DIW-Studie zur Vermögensungleichheit bezieht erstmals Rentenansprüche mit ein: vorher hatte die ärmere Hälfte der Bevölkerung nur 2 % am Gesamtvermögen, mit Rentenansprüchen sind es 9 %. D.h. die Rente ist für diese Gruppe extrem wichtig. www.diw.de/de/diw_01.c....
@charlottebartels.bsky.social

Soziologe Steffen Mau: „Klimapolitik, das ist ein Klassenkampf im Werden“ Wer wenig verdient oder Bürgergeld bezieht, erfüllt die Pariser Klimaziele schon jetzt: Der Soziologe Steffen Mau spricht über die „Ökologie der Arbeiterklasse“, die medial fast nie vorkommt, ...

Die untersten 30% in Deutschland halten die Klimaziele ein. Das sind die, die Billigfleisch essen, nie bei Bio Company kaufen – aber auch nicht fliegen oder zwischen 2 Wohnungen pendeln. Steffen Mau über die kaum gesehene "Ökologie der Arbeiterklasse"! www.freitag.de/autoren/pep/...

A MAN'S WORLD? A fascinating polisky analysis of more than 4,000 policies in 43 countries revealing clear and robust evidence that women’s policy preferences are underrepresented compared to those of men. Gender inequality extends to policy representation www.cambridge.org/core/journal...

A Puzzling Inheritance Why, in a world where wealth matters more than ever, we want to tax it less

"The moral arguments for lower inheritance tax are much stronger than the moral arguments against it, at least in this experiment. If you want people to support high inheritance taxes you need to get material, not moral: Promising people lower taxes elsewhere or higher public spending."

Why views on inequality define the left-right divide Visit the post for more.

"Acceptance of inequality theory appears to be the best available explanation of how the left-right dimension manifests itself in different contexts around the world. [...] Many far-right parties in Europe are far-right because of their immigration views, rather than their economic views."

Die eklatante Vermögensungleichheit unserer Erbengesellschaft Deutschland: Eher Erben- denn Leistungsgesellschaft

"Deutschland ist weniger eine Leistungs- als eine Erbengesellschaft. [...] Selbst Raucher tragen durch die Tabaksteuer mehr zur Finanzierung des Staatshaushalts bei als Erben. Die Einnahmen aus der Tabaksteuer beliefen sich 2020 auf 14,7 Mrd. €, die aus Erbschaften und Schenkungen auf 8,6 Mrd. €."

"It is poverty, not its representation, that is demeaning. To deny this is to sanitize the effects of poverty, perhaps to the point of allowing us to forget about them."

The Radicalization of Édouard Louis Two new books by the French novelist mark a political turn in his writing.

"The lucidity that comes with this anger is why there is no question mark in the title of his only work of nonfiction—Louis already knows the answer. In plain, direct prose, he enumerates the crimes of the smirking suits who have ruled French politics for decades: Chirac, Sarkozy, Hollande, Macron."

Socialism in one Sector, or on Half the Earth: Review of Half-Earth Socialism and CLimate Change As ... The planetary ecosystem is in crisis. Humans brought it there. What are we going to do about it? These are three enormous simplifications, the latter two of which in particular have produced endless d...

"Ecosocialists would perhaps do well to find alliances where they can, including with the non-socialist leftist block. This is not to say that ecosocialists should focus on political feasibility over biophysical necessity. [...] Biophysical reality is still less amenable to compromise."

various climate records broken depicted in charts a. Antarctic sea ice extent (10 km²: rel. to 1991-2023 mean) b. 20 Global sea ice extent (10 km²; rel. to 1991-2023 mean) 0- C. North Atlantic ocean sea surface temp. anomaly ("C; rel. to 1991-2023 mean) d. World ocean sea surface temp. anomaly ("C; rel. to 1991-2023 mean: 60S-60N) 1.0- 0.50- 0.5 0.25 0.0 0.00 -0.5- -0.25- -0.50- -1.04 World surface temp. ("C; 2 m height; rel. to 1850-1900 mean) f. Cumulative area burned in Canada (million hectares) 1.5- 15 10 1.0- 0.5- 0.0+ Jan 01 Apr 01 Jul 01 Oct 01 Year 50 Jan 01 2000 2010 2020 Apr 01 Jul 01 Oct 01 2023

The 2023 state of the climate report: it's fucked

academic.oup.com/bioscience/a...

The Long, Slow Death of Global Development - American Affairs Journal Most emerging markets have not found an engine of durable growth comparable to manufacturing—most have indeed grown over the last few decades, but dependence on services and commodities exports has ...

Rich article on the "long, slow death of global development"!

"The main SDG10 target, based on the World Bank’s Shared Prosperity goal, does not adequately measure key aspects of inequality. Evidence shows that one in five countries showing a positive trend in Shared Prosperity simultaneously saw inequality by other measures, like the Palma Ratio, increase."

Weniger Flucht in Steueroasen Ökonom Zucman sieht eine zunehmende Steuervermeidung im Inland

»Rund um die Welt betrage der effektive Steuersatz von Milliardären nicht mehr als 0,5 Prozent, heißt es in dem Bericht. Erklärbar sei das dadurch, dass die Superreichen in fast allen Ländern ihre Steuerschuld durch Beteiligungsgesellschaften, Stiftungen oder Trusts erheblich reduzieren könnten«

Under Capitalism, We’re All Dominated by the Invisible Threads of the Market At times, capitalism resorts to exceptional violence to subordinate workers. Much more commonly, however, it exercises an impersonal, economic form of power that shapes our environment and compels our...

"What might the “choice architecture” of socialism look like?"

A New Twist in the Link Between Inequality and Economic Development

"We find that the effect of income inequality on economic growth can be either positive or negative, and that at a particular level of inequality—at a Gini of about 27 percent to be exact—the direction of the relationship changes—that is, where inequality begins to hurt economic development."