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Economic inequality has reached a staggering milestone in Silicon Valley:
just nine households hold 15% of the region’s wealth, according to new research from San Jose State University.
🔥A mere 0.1% of residents hold 71% of the tech hub’s wealth.
The findings come from the 2025 “Silicon Valley Pain Index”,
a report published by SJSU’s Human Rights Institute each year since 2020. The report aims to quantify “structured inequalities” in Silicon Valley, and measures “pai…

@degrowthuk@mstdn.social
2025-06-25 07:22:55

Njoki Njoroge Njehû
Principal Political Advisor – Movement Building, Pan-African Fight Inequality Alliance.
Begins with a series of Qs on personal experience of poverty/wealth.
Live in Age of Multiple Crises fed by global capitalism. No accidents: deliberate policies from IMF/WB, extraction, sacrifice of communities, over-consumption: by design peoples pushed back. It's systemic, driving inequality and climate collapse.
Those responsible have names.

Not so long ago, members of high society were fixated on trying to low-key their way out of the perils of income inequality.
Minimalism and quiet luxury were in vogue.
But in the wake of President Trump’s second election, it’s the luxe life at full volume.
He gilded the White House, turning it into a Rococo Liberace lair.
Swaggy and braggy have replaced stealth wealth.
Flaunting it is in.
For women, that means sequins, diamonds, tight silhouettes and big h…

@fgraver@hcommons.social
2025-07-18 16:52:08

Zohran Mamdani Is Right: We Shouldn’t Have Billionaires jacobin.com/2025/07/billionair
This is true in every country in the world. There is simply no justification for any individual to be «worth» a …

@crell@phpc.social
2025-08-07 01:19:26

Still more reasons to hate Silicon Valley. And billionaires.
theguardian.com/us-news/2025/j

@servelan@newsie.social
2025-09-03 04:21:31

To save humanity and nature we must tackle wealth inequality, says Cambridge researcher
news.mongabay.com/podcast/2025

@arXiv_quantph_bot@mastoxiv.page
2025-07-11 10:04:31

Sharp estimates of quantum covering problems via a novel trace inequality
Hao-Chung Cheng, Li Gao, Christoph Hirche, Hao-Wei Huang, Po-Chieh Liu
arxiv.org/abs/2507.07961

@katrinakatrinka@infosec.exchange
2025-09-09 04:41:53

It is so weird to read this and realize that the #SutherlandInstitute is so wealthy and "conservative" that they'll never acknowledge the problem is late-stage capitalism and, of course, patriarchy.
We need to eliminate the tax incentives of investment properties to make housing more affordable. We need to increase wages and decrease wealth inequality. We need t…

@samir@functional.computer
2025-07-27 17:37:59

@… Agreed. I think it’s also a symptom of wealth inequality. Who cares what the average person wants or needs? They can’t pay anyway. Money comes from billionaires now.

@arXiv_mathOC_bot@mastoxiv.page
2025-08-29 09:12:21

Tikhonov regularized exterior penalty methods for hierarchical variational inequalities
Meggie Marschner, Mathias Staudigl
arxiv.org/abs/2508.20872

Working Americans are set to take to the streets this Labor Day
with over 1,000 “Workers Over Billionaires” rallies and protests planned nationwide.
The mobilizations, spearheaded by the "Mayday Strong Coalition" of national, state, and local labor and community organizations,
will protest what organizers call a “billionaire agenda”
that is suppressing the labor movement,
attacking workers' rights,
and burdening families across the country…