In a 5-4 ruling released Friday night, the U.S. Supreme Court voted to allow a new “wealth test” rule that will make it more difficult for immigrants to receive green cards if they rely on public benefits such as food stamps.
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Amazon founder Jeff Bezos said Monday that he plans to spend $10 billion of his own fortune to help fight climate change.
Read moreFrederick Koch, who kept a low profile as an arts benefactor rather than joining the family oil business that became Koch Industries, has died, according to the New York Times. He was 86.
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A crew of Rolls Royce-riding identity thieves who posed as rap industry figures scammed more than $100,000 from some of the South’s most exclusive hotels, prosecutors say.
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A majority of Americans believe there is too much economic inequality in the U.S., the Pew Research Center reported Thursday, but most say lowering health care costs is a higher priority.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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