background preloader


Facebook Twitter

How American Billionaires Like Phil Knight Pass Wealth to Heirs Tax-Free. I made $500,000 trading stocks and options in 18 months. These are the 15 things I did that worked best. : stocks. The Rich Want "Obedient Dogs" : LateStageCapitalism. Being rich is not the problem but being a fool : SandersForPresident. ALL BANKS ARE BROKE!! don't say! : GME. TIL author H.P. Lovecraft was never able to support himself from his earnings as an author. His book "The Shadow Over Innsmouth", written one year before his death, sold a meagre 200 copies. He died in poverty at age 46. : todayilearned. Old Money Families That Have Been Richest The Longest. Yes, Adam Smith Knew About Capitalism’s Pitfalls. Hospital patients from lower socioeconomic backgrounds are less likely to receive prompt CPR after their hearts stop beating & less likely to survive than patients from higher socioeconomic backgrounds. It is the first study to show that socioeconomic sta.

But but but the trickle : PoliticalHumor. Nearly 30 Million Baby Boomers Forced Into Unwanted Retirement. In the third quarter of 2020, roughly 28.6 million Baby Boomers have left the job market and retired, according to the Pew Research Center.

Nearly 30 Million Baby Boomers Forced Into Unwanted Retirement

The study shows that Covid-19 has contributed to the rapid increase of Boomers—born between 1946 and 1964—being forced out of the labor market. Since the onset of the outbreak, the number of Boomer-aged retirees has increased by about 1.1 million. Over 65 million Americans have filed for unemployment benefits since March 2020. The unemployment rate hit double-digit record highs. Keystone Scholars. Billionaire investor Bill Ackman says the US should give every American cash at birth so they can retire a millionaire : Economics. Billionaire investor Bill Ackman says government should give every American cash at birth so they can retire a millionaire : Futurology. Testimony, Greenspan. Testimony of Chairman Alan Greenspan The Federal Reserve's semiannual monetary policy report Before the Committee on Banking, Housing, and Urban Affairs, U.S.

Testimony, Greenspan

Senate February 26, 1997 I appreciate the opportunity to appear before this Committee to present the Federal Reserve's semiannual report on monetary policy. The performance of the U.S. economy over the past year has been quite favorable. Real GDP growth picked up to more than three percent over the four quarters of 1996, as the economy progressed through its sixth year of expansion. Employers added more than two-and-a-half million workers to their payrolls in 1996, and the unemployment rate fell further. Low inflation last year was both a symptom and a cause of the good economy.

Looking ahead, the members of the FOMC expect inflation to remain low and the economy to grow appreciably further. Certainly, other factors have contributed to the softness in compensation growth in the past few years. Oil and Gas Companies Keep Taking From Taxpayers. And Taking. One hundred years ago, Congress passed the Mineral Leasing Act of 1920, setting up a system in which companies lease public lands to wrest valuable oil and gas from the ground.

Oil and Gas Companies Keep Taking From Taxpayers. And Taking.

In the century since, the royalties and rent that those corporations pay to the American people for access have remained essentially unchanged even as the scale of development and profits has grown hugely. As senators from different parties, we have our share of policy differences. But we both believe in sticking up for the public interest and the taxpayer. In this case, we agree that oil and gas companies should pay fair market value for the public resources they extract and sell. We’re in the struggle together : MarchAgainstNazis. Billionaire megadoners who fought Wisconsin's plans to contain pandemic get infected at White House. Peter Temin: Economic Mobility Requires the Nearly Impossible - The Atlantic. America's 1% Has Taken $50 Trillion From the Bottom 90%

The Economic Incompetence of Republican Presidents by J. Bradford DeLong. In a United States rife with disinformation, one of the most persistent myths is that Republicans are better than Democrats for business and economic growth.

The Economic Incompetence of Republican Presidents by J. Bradford DeLong

In fact, Republicans have consistently under-performed on the economy for almost a century. BERKELEY – One hears many strange things nowadays, not least because “they” (a complicated term) are flooding the zone with misinformation. Without a shared set of facts upon which to base ethical and policy debates, democracy inevitably breaks down. The system’s virtue lies in its unique ability to elevate and consider a broad range of ideas emanating from society. The feeling here in New Zealand is mutual.... : newzealand. The kind of public freak out I can agree with. : PublicFreakout. Wealth, shown to scale. 400 richest Americans ($3.5 trillion) $80 million.

Wealth, shown to scale

When More Women Join the Workforce, Wages Rise — Including for Men. Median US worker salaries could have been $102,000 without inequality - Business Insider. Barnaby Joyce signed off $80m for Angus Taylor's old company after zero was paid for same sort of water nearby. The same commercial property consultant who wrote the valuation used by the Federal Government to pay Eastern Australia Agriculture (EAA) nearly $80 million for its water licences valued at zero the same type of water owned by two nearby southern Queensland cotton farms.

Barnaby Joyce signed off $80m for Angus Taylor's old company after zero was paid for same sort of water nearby

As Michael West Media reported on Tuesday, most of the record $80 million from the sale ended up with a Cayman Islands company established by Energy Minister Angus Taylor, Eastern Australia Irrigation (EAI). Taylor was the founder of the Caymans company and a director and consultant to its Australian associate EAA, both before the controversial $80m water sale in 2017. Unprecedented and Unconstitutional: The Government Bailout of Religion during a Pandemic. The Coronavirus Aid, Relief, and Economic Security (CARES) Act has been criticized for not doing enough to help working class and poor Americans, instead favoring big banks and large corporations that have received the lion’s share of stimulus money.

Unprecedented and Unconstitutional: The Government Bailout of Religion during a Pandemic

The COVID-19 pandemic is still causing major devastation in terms of the human toll and the economy. Millions of people have lost their jobs and are faced with the possibility of losing their homes, losing their healthcare, and much more. While the measures put in place have rightfully been scrutinized, one overlooked aspect of the act has been called a clear and direct violation of the US Constitution and the religious liberty of all Americans. When Congress passed the CARES Act, signed into law by President Donald Trump on March 27, the legislation would provide over $2 trillion in stimulus relief to help prop up an economy teetering on the verge of collapse due to the outbreak of COVID-19. My buddy got this after working at his job for 42years. The sticker isn't even on straight lol : Wellthatsucks. Personal finance books that helped one millennial earn six figures. Chicago-based millennial Alex Sanchez earned more than $230,000 last year.

Personal finance books that helped one millennial earn six figures

The bulk of his income came from his day job: He works about 60 hours a week as an overhead lineman for an electrical utilities company. Between his $120,000 base salary, $10,000 annual bonus and overtime pay, he makes more than $200,000. The 25-year-old also brings in extra money from the lawn-care and snow-removal company he started, plus the five rental properties he owns and rents out. How to Convince a White Realtor You’re Middle Class. Another subject, Jared, had a similar theory.

How to Convince a White Realtor You’re Middle Class

“When you’re out in the world, you can be wearing grubbies, and you’ll be perceived a certain way if you’re black,” he said. He told me he imagined white people operated under a different public dress code: “If you have money, it’s O.K. to wear rags.” Michael, a corporate manager, reported that he asserted his class status at work by refusing to answer his own telephone, always allowing calls to go through to his receptionist. He believed that taking on administrative tasks would reduce his social status in the workplace to that of a subordinate and leave room for his colleagues to see his race before his class and treat him with less respect. Joe Rogan - Matt Taibbi Explains the 2008 Financial Crisis. Understanding the Historic Divergence Between Productivity and a Typical Worker’s Pay: Why It Matters and Why It’s Real.

Introduction and key findings Wage stagnation experienced by the vast majority of American workers has emerged as a central issue in economic policy debates, with candidates and leaders of both parties noting its importance. This is a welcome development because it means that economic inequality has become a focus of attention and that policymakers are seeing the connection between wage stagnation and inequality.

Understanding the Historic Divergence Between Productivity and a Typical Worker’s Pay: Why It Matters and Why It’s Real. Shadow Government Statistics - Home Page. The richest families in Florence in 1427 are still the richest families in Florence — Quartz. 221b Sherlock Holmes Consulting detective 1881-1904 So reads the blue plaque on this pretty Georgian terraced house, home to London’s Sherlock Holmes Museum.

The richest families in Florence in 1427 are still the richest families in Florence — Quartz

In a city of storied buildings, the home of the fictional detective is as famous as they come. The museum is also not the original location of the fictional detective’s fictional house. Libor scandal: the bankers who fixed the world’s most important number. At the Tokyo headquarters of the Swiss bank UBS, in the middle of a deserted trading floor, Tom Hayes sat rapt before a bank of eight computer screens. Collar askew, pale features pinched, blond hair mussed from a habit of pulling at it when he was deep in thought, the British trader was even more dishevelled than usual. It was 15 September 2008, and it looked, in Hayes’s mind, like the end of the world. Hayes had been woken up at dawn in his apartment by a call from his boss, telling him to get to the office immediately. In New York, Lehman Brothers was hurtling towards bankruptcy. The Panama Papers prove it: we can afford a universal basic income. We should all be able to agree: no one should be poor in a nation as wealthy as the US.

Yet nearly 15% of Americans live below the poverty line. Perhaps one of the best solutions is also one of the oldest and simplest ideas: everyone should be guaranteed a small income, free from conditions. The Secret Six. By Ryan ZumMallen | Photography by Paul Barshon The order came from the Sultan of Brunei’s nephew. It was 1994, and Prince Abdul Hakeem, then 20 years old, had inherited two things: access to a $40 billion fortune, and his family’s penchant for spending it.

In the ‘80s and ‘90s, the monarchs of this tiny, oil-rich nation in the South China Sea bankrolled a fleet of special custom vehicles, ordering the most coveted cars in the world by the half-dozen or more. Their notorious collection — located in nondescript concrete garages, surrounded by razor wire, and patrolled by armed Nepalese soldiers known as gurkhas — numbered in the thousands. Visitors described rows and rows of warehouses, filled to the brim with luxury cars, sometimes organized by make, model, or even color. Rockefeller Family Fund divests from fossil fuels, which built family's fortune. Bush Bailout Chief Channels Bernie Sanders' Call To Break Up Big Banks. What Percent Are You? The World's Top 1 Percent Controls Half of Household Wealth. For most workers, real wages have barely budged for decades. Following the better-than-expected September jobs report, several economic analyses have pointed out the continuing lack of meaningful wage growth, even as tens of thousands of people head back to work.

Economic theory, after all, predicts that as labor markets tighten, employers will offer higher wages to entice workers their way. What do rich parents do that poor parents don’t? What do rich parents do that poor parents don’t? Rich People Raise Rich Kids—Even When They're Adopted. Lately, it seems that every new study about social mobility further corrodes the story Americans tell themselves about meritocracy; each one provides more evidence that comfortable lives are reserved for the winners of what sociologists call the birth lottery. How much richer are the Top 1%?

Wealth, Income, and Power. By G. How many people pay the estate tax? The 2001 tax act, The Economic Growth and Tax Relief Reconciliation Act (EGTRRA), raised the estate tax exemption to $1 million in 2002 and to $3.5 million in a series of steps through 2009, sharply reducing the number of estates that have to pay estate taxes. Ten Facts You Should Know About the Federal Estate Tax. The federal estate tax is a tax on property (cash, real estate, stock, or other assets) transferred from deceased persons to their heirs.

Only the wealthiest estates pay the tax because it is levied only on the portion of an estate’s value that exceeds a specified exemption level — $5.43 million per person (effectively $10.86 million per married couple) in 2015.[2] The estate tax thus limits, to a modest degree, the large tax breaks that extremely wealthy households get on their wealth as it grows, which can otherwise go untaxed. The estate tax has been an important source of federal revenue for nearly a century, yet a number of misconceptions continue to surround it. This report briefly describes ten facts about the federal estate tax. (While this paper focuses on the federal estate tax, taxes on inherited wealth are also a traditional and common revenue source for states.)

How much richer are the Top 1%? America Is Even Less Socially Mobile Than Economists Thought. The Housing Value of Every County in the U.S.  After the last post, which looked at housing values across New York City, I thought it would be interesting to take a more granular look at housing values across the U.S. Scott Walker Strips Wisconsin Workers Of 'Living Wage' In New State Budget. How Old Is Too Old to Start a Business? The Answer May Surprise You. (Infographic)

How Companies Must Adapt for an Aging Workforce. Millionaire uses fortune to help kids in struggling town. The Cost of Crime to Society: New Crime-Specific Estimates for Policy and Program Evaluation. Harris Rosen - Pegasus Magazine. Tangelo Park, Florida. Tangelo Park, Florida (FL 32819) profile: population, maps, real estate, averages, homes, statistics, relocation, travel, jobs, hospitals, schools, crime, moving, houses, news, sex offenders.

The Opportunity Gap. Capitalism as Disease: Spreading Governmental Tyranny and Gun Violence. Hedge funds, insider traders begin dumping Monsanto stock as reality of GMOs sinks in across Wall Street. The False Promise of the Prosperity Gospel: Why I Called Out Joel Osteen and Joyce Meyer. US Economic Structure. Social Justice and Free Market, Where do your tax dollars go? Today is Tax Day – Where Do My Taxes Go? Your 2012 Federal Taxpayer Receipt. The U.S. Economy in Charts. Herb Meyer, Recorded on 2/5/13 YAFoundation on USTREAM. Conference. The Smoking Gun in Plain Sight. The Cure for Poverty by Herb Meyer. The Shocking Amount of Wealth and Power Held by 0.001% of the World Population. Thirteen Economic Facts about Social Mobility and the Role of Education.

What is the middle class? VW shares $1.1b in profits with workers. What the banks’ three-year war on Dodd-Frank looks like. Wealth, Inheritance and the Estate Tax.