Overview
- From 2000 to 2024, the richest 1% captured about 41% of newly created wealth while the bottom half received roughly 1%, and 2.3 billion people regularly skip meals.
- The panel finds countries with high inequality are seven times more likely to experience democratic deterioration than more equal societies.
- Researchers estimate around $70 trillion will be transferred by inheritance over the next decade, risking further entrenchment of advantage.
- The group proposes an International Panel on Inequality, modeled on the IPCC, to aggregate credible data, close information gaps, and deliver policy-relevant assessments.
- Recommendations span fairer taxation of multinationals and the very rich, patent-law adjustments, and stronger coordination on climate and pandemic preparedness, with G20 leaders set to consider the report in Johannesburg on Nov. 22–23.