Story perspectives

Stiglitz Warns of Global Inequality Emergency: $70 Trillion Inheritance

11/5/2025

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Summary

Story summary

In South Africa, Joseph Stiglitz, Nobel Prize-winning economist, leads a panel warning of an 'inequality emergency'.
The report says $70 trillion will be inherited in the next decade, with 1,000 billionaires transferring more than $5.2 trillion mostly untaxed.
It urges global policy changes, including fair taxation and antitrust measures, and proposes an International Panel on Inequality modeled on the Intergovernmental Panel on Climate Change (IPCC).

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Story summary

In South Africa, Joseph Stiglitz, Nobel Prize-winning economist, leads a panel warning of an 'inequality emergency'.
The report says $70 trillion will be inherited in the next decade, with 1,000 billionaires transferring more than $5.2 trillion mostly untaxed.
It urges global policy changes, including fair taxation and antitrust measures, and proposes an International Panel on Inequality modeled on the Intergovernmental Panel on Climate Change (IPCC).