Seoul's low-income households face mounting jeonse burden as bottom quintile needs 5.7 years to save for deposits, up 0.5 years from previous quarter, while high-income groups see declining ratios amid widening income inequality and housing supply shortage
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Seoul's Low-Income Households Face Growing Jeonse Burden

Seoul's low-income households face mounting jeonse burden as bottom quintile needs 5.7 years to save for deposits, up 0.5 years from previous quarter, while high-income groups see declining ratios amid widening income inequality and housing supply shortage

Yonhap Infomax
See how your pay compares to the CEOs of the top US companies

New data shows that compensation for the top jobs rose 5.9% in 2025

AP News
Workers need to labor for 200 years to make what their CEO made in one, AP survey finds

The typical CEO compensation package rose nearly 6% in 2025 to $17.7 million, as company boards rewarded their top executives for bigger profits and higher stock prices, and gave them incentives to stick around and make even more money for shareholders in the years ahead. The median employee at these companies earned $89,744, reflecting a 4.7% increase year over year. While that gain outpaced inflation in 2025, many workers were still feeling pinched by the accumulation of higher prices over the past few years. Tesla CEO Elon Musk topped the survey with a pay package valued at $132 billion.

AP News

Mother Jones | Why Billionaires Pay Much Less Tax Than the Average American by Gabriel Zucman

AI generated summary, Read the full article for complete information.

Jeff Bezos recently argued that billionaires already pay a large share of U.S. taxes, but research by economists Gabriel Zucman, Emmanuel Saez and others shows this claim is misleading: when all federal, state and local taxes—including payroll, sales and excise taxes—are considered, the effective tax rate for all income groups is roughly 25‑30 percent, with billionaires actually paying the lowest rate (about 24 percent in 2018‑20 and as low as 15 percent for Bezos in 2018). The working‑class bears a substantial tax burden through regressive taxes, while the ultra‑wealthy can structure their income to minimize liability, a trend that intensified after the 2018 Tax Cuts and Jobs Act, reducing billionaire tax contributions and expanding wealth concentration—today the richest 0.00001 percent own wealth equal to 14 percent of national income, up from 4 percent in 1910—highlighting a growing fiscal anomaly that calls for reform.

Read more: https://www.motherjones.com/politics/2026/05/why-billionaires-pay-less-taxes-zucman-saez-jeff-bezos-irs-breaks-income-wealth/

#JeffBezos #EmmanuelSaez #GabrielZucman #incomeinequality #taxes

Why billionaires pay much less tax than the average American

As wealth concentrates at the top, upper-crust tax rates have declined. Go figure.

Mother Jones