Paying Musk, irrational exuberance and inequality

[ad_1] Despite the headlines, Elon Musk might never make a trillion dollars. The Tesla CEO would only receive this astronomical amount if he were to meet a set of incredibly ambitious goals, which includes increasing the stock value of the company to $8.5 trillion, selling 20 million vehicles and one million robots. It seems the […]

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G20 Report: India’s top 1% grew its wealth by 62% since 2000

[ad_1] Image for representation only | Photo Credit: Getty Images/iStockphoto India’s richest 1% expanded its wealth by 62% between 2000 to 2023, according to a report commissioned by the South African Presidency of the G20. The study, led by Nobel laureate Joseph Stiglitz, warns that global inequality has reached “emergency” levels, threatening democracy, economic stability, […]

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