The direct imposition of permanent annual taxes on the earnings of the world’s richest individuals could redistribute wealth and lift millions out of poverty, a report presented to the World Economic Forum (WEF) on Wednesday outlined.
The richest billionaires in the United States grew their wealth by more than $340 billion over the last year, while the wealth held by the American middle class shrinks.
There’s money in misery, a study affirmed Tuesday, as it revealed the share of household wealth owned by global billionaires soared by a record amount during the coronavirus pandemic. Millionaires were not far behind.
Shaquille O’Neal believes people should work hard to earn their own money, and that also goes for his six children.
The D.C. city council advanced on Tuesday an amendment that would increase the marginal tax rate for residents who earn $250,000 or more.
Chinese bottled water tycoon and vaccine manufacturing mogul Zhong Shanshan has become Asia’s richest person, financial media outlets reported Wednesday.
Lower- and middle-income Americans were the big winners from President Donald Trump’s first-term economy, according to a report by the Federal Reserve banking system.
Harvard University’s guest speaker Anand Giridharas recently told students that donations to charity by the wealthy are a deceptive means of covering the injustices that the elites have created in society.
The wealthiest Americans are paying a lower tax rate than all other Americans, groundbreaking analysis from a pair of economists reveals.
Pope Francis returned to his criticisms of the economy Sunday, saying that money is “dishonest wealth,” also known as “the devil’s dung.”
A billionaire in Singapore is making headlines after a video posted last year recently surfaced in which he said his relationship with Jesus Christ is most important in his life.
Sen. Bernie Sanders (I-VT), a self-described socialist who recently announced his bid for the 2020 presidential election as a Democrat, has amassed a personal fortune that includes three homes and millions of dollars in the bank.
Thirty-year-old millennials’ fortunes, sex lives, and income are all pitiful compared to what their fathers enjoyed at age 30, according to Axios.
The Federal Reserve announced that U.S. household wealth has risen above $100 trillion in the first quarter of 2018, for the first time in history.
“The devil is in the details,” Bernie Sanders said. “We’ve got to see what these regulations are. It’s very easy to blame Barack Obama for everything, by the way. Some of those regulations may be state, may be local,” the Vermont senator said.
A man discovered $3.7 million worth of gold in a house he inherited from a deceased relative in France, KSTU reported.
During the age of Obama, the rich have gotten richer and the poor, far poorer, according to a survey of the world’s wealth.
My star is rising, and there’s nothing you can do about it. Progressives, feminists, cuckservatives — prepare for the Age Of Milo.
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.
A number of wealthy people using private jets are landing in northern California for the Super Bowl, the San Francisco Chronicle reports.
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.
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.
Beverly Hills businesses are rolling out the red carpet for visiting Arab royals, despite concern over two recent incidents involving Saudi and Qatari royalty.
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.
The combined wealth of America’s 537 billionaires would not be enough to fund the nation’s budget for even a single year.
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.
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.
