Despite strong economic indicators, a poll released Wednesday found most Americans say the U.S. economy is beneficial to the wealthy and harmful to the poor and those in the middle class.
Read moreThe Tax the Rich Conference was put on by a group calling itself the Patriotic Millionaires, comprised of individuals who earn more than $1 million per year or have accumulated at least $5 million. But unlike a healthy segment of high-income earners and wealthy individuals, they weren’t fighting to keep as much money as possible, but organizing to get the government to take more of it.
Read moreUnveiling her much-anticipated Medicare for All proposal on Friday, Senator Elizabeth Warren called health care a human right and promised she would not raise taxes on the middle class by even a penny to enact the plan.
Read more
When the grand vacation homes of Newport Beach were empty on a beautiful Memorial Day weekend, Molly Munger decided it was time for the United States to consider taxing wealth.
Read moreThe number of ultra-wealthy individuals dipped in China this year, a report said Thursday, as the government seeks to rebalance the economy and tackle high levels of toxic debt.
Read more
FEMA buys flood-prone homes more often in wealthy, populous counties than in poor, rural areas, even though lower-income rural areas may be more likely to flood frequently, a new study finds.
Read more
The gap between the haves and have-nots in the United States grew last year to its highest level in more than 50 years of tracking income inequality, according to Census Bureau figures.
Read more
Democratic presidential hopeful Senator Bernie Sanders released a new plan Tuesday to tax the “extreme wealth” of the top 0.1% of U.S. households, which he says would help pay for his flagship Medicare for All health care proposal.
Read more
The retail billionaire behind Victoria’s Secret has accused financier Jeffrey Epstein of misappropriating “vast sums” of his fortune while managing his personal finances more than a decade ago.
Read moreThe prospects of Jeffrey Epstein awaiting a sex-trafficking trial from his $77 million Upper East Side mansion were always remote. Thanks to Second Circuit ruling Thursday, however, Epstein’s odds at an appellate reversal dropped to virtually nil.
Read moreBetween the decoy passport, his status as a convicted sex offender and untold assets of over half a billion dollars, Jeffrey Epstein had been an unlikely candidate for bail pending trial on sex-trafficking charges.
Read more
Seattle’s income tax on wealthy residents is unconstitutional, the Washington Court of Appeals held, but left the door open for the city to impose property taxes based on income if they are uniform across tax brackets.
Read moreFinland has topped an index of the happiest nations for the second consecutive year, with researchers saying the small Nordic country has succeeded in generating a happiness recipe not simply dependent on economic wealth.
Read moreA new poll shows that a majority of Americans, Democrat and Republican alike, support a wealth tax like the one proposed by 2020 presidential candidate and Sen. Elizabeth Warren, the latest to follow other polls that show similar support for such a measure.
Read moreNorway’s police said Wednesday the missing wife of one of Norway’s richest men has been abducted, and that her suspected kidnappers have demanded a ransom.
Read moreA British parliamentary committee reprimanded former Foreign Secretary Boris Johnson on Thursday for failing to report income within time limits set by Parliament.
Read moreBy a 5-2 vote Monday, the highest court in Massachusetts killed a ballot question that could have levied a 4 percent tax on millionaire residents.
Read moreClaiming that her father’s lawsuit gutted the auction of a Basquiat masterpiece, the middle daughter in a family of art collectors brought a $100 million legal demand of her own Thursday in the latest swat of an ugly family dispute.
Read moreBacking the idea that health and wealth go hand in hand, new research shows that middle-aged and senior adults whose fortunes faded in the wake of the 2008 financial crisis had a significantly increased mortality risk, as compared with the continuously wealthy.
Read moreMost Americans believe the federal government does not do enough to help the elderly, poor people and the middle class, the Pew Research Center reported Tuesday, and a majority also says the wealthy get too much support.
Read more