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Wealth

Photography by Mike Allen

My Fame: An Update

My star is rising, and there’s nothing you can do about it. Progressives, feminists, cuckservatives — prepare for the Age Of Milo.

Pope Francis during a meeting with priests, religious men and women and seminarians at Don Bosco school in Santa Cruz, Bolivia, on July 9, 2015.

Pope Francis: ‘To Ignore the Poor Is to Scorn God!’

In his weekly General Audience Wednesday, Pope Francis had hard words for those who go through life “pretending not to see” the poor, declaring that those who disregard the poor show disdain for God at the same time.

blue-collar

Trump: Obama ‘Has Done a Terrible Job For African-Americans’

On Sunday, with Martin Luther King Day right around the corner, George Stephanopoulos of ABC News asked Donald Trump what he would say to Americans, especially African-Americans, who believe Dr. King’s dream has not been achieved.

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Book Review: ‘Wealth, Poverty, and Politics’ by Thomas Sowell

Sowell’s thesis is that many factors explain unequal outcomes, contrary to left-wing dogma that rich people get rich by exploiting the hapless poor, an “injustice” the State must redress through income redistribution. Nothing remains of “income inequality” rhetoric and redistribution socialism by the time the last page is turned. It’s a relatively short book, but remarkably thorough.

Jamie Grill | Getty Images

Millennials May Find It Harder Than Ever to Get Rich

A new study purports to show that, while Millennials are as poor as young people ever are these days, they may not be able to expect to become rich as they age as young Americans once expected.

Nati Harnik/AP

World’s Billionaire Wealth Nearly One-Third of U.S. Debt

A new report finds that the number of billionaires in the world leapt by 222 last year to 2,089, with a combined total $6.7 trillion in wealth–a sum that represents roughly one-third of America’s $18,099,042,237,252.89 national debt.

jobs

Top 0.1% of Americans Hold as Much Wealth as Bottom 90%

A new study by a group of economics researchers suggests that the top one percent of the U.S. now hold as much wealth as the bottom 90 percent, a lopsided split that is approaching levels not seen since early last century.