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Keyword: millionaires

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  • 31% of millionaires say they’re part of the middle class, survey finds. ‘People feel squeezed,’ advisor explains

    11/13/2023 3:27:53 PM PST · by george76 · 42 replies
    CNBC ^ | NOV 10 2023 | Jessica Dickler
    Only a small share of millionaires say they feel wealthy,.. Persistent inflation has taken a toll on most Americans’ financial security, making it harder to feel well off.. What does it take to be rich? “The short answer is more... Feeling “rich” is increasingly elusive. Even among millionaires, only 8% would characterize themselves as wealthy these days. Roughly 60% of investors with $1 million or more of investable assets said they are more likely upper middle class, ... Even doctors, lawyers and other highly paid professionals — also referred to as the “regular rich” — who benefit from stable jobs,...
  • Sanders joins millionaires’ call for G20 nations to tax ultrarich

    09/07/2023 10:25:32 AM PDT · by ChicagoConservative27 · 10 replies
    The Hill ^ | 09/07/2023 | MIRANDA NAZZARO
    Sen. Bernie Sanders (I-Vt.) on Thursday joined a group of millionaires in their call for Group of 20 (G20) nations to tax the ultrarich. In an open letter to G20 heads of state, Sanders, along with more than 300 millionaires, economists and politicians, called on the world’s largest economies to enact new tax regimes — at both national and international levels — that will prevent the “ultra-rich” from being able to “avoid paying their dues.”
  • 35% of millionaires say it’s ‘going to take a miracle’ to be ready for retirement, report finds

    12/04/2022 12:57:51 PM PST · by RomanSoldier19 · 80 replies
    https://www.cnbc.com ^ | DEC 2 2022 | Jessica Dickler
    A cool $1 million is not what it used to be. There are more millionaires in the U.S. and globally than ever before, with nearly 24.5 million millionaires nationwide as of 2022, according to the latest Global Wealth Report from the Credit Suisse Research Institute. Even so, having seven figures in the bank offers less security than it used to in the face of inflation and extreme market swings. “That mark is easier to obtain but it may not deliver what we expect,” said Dave Goodsell, executive director of the Natixis Center for Investor Insight. These days, fewer Americans, including...
  • 80% Of People In Hong Kong Want To Emigrate, Number Of Multi-Millionaires Plunges 15%: New Survey Finds

    05/15/2022 2:00:28 PM PDT · by blam · 48 replies
    Zubu Brothers ^ | 5-15-2022 | Joyce Liang via The Epoch Times
    Hong Kong saw a net outflow of 65,295 and 66,334 residents in February and March respectively, according to the city’s official immigration data. The trend will remain strong, as a new poll revealed that nearly 80 percent of Hong Kong residents surveyed were interested in emigrating. In mid-March, Bartra interviewed nearly 500 Hong Kong residents aged 18 and above through an online questionnaire. According to the poll, 79 percent of the respondents indicated that they are considering emigration or will consider this in the future; 48 percent indicated that it was “possible in the future,” and 31 percent indicated that...
  • New Analysis Shows the IRS Audited Far More People at the Poverty Line Than Millionaires

    03/12/2022 7:16:50 PM PST · by SeekAndFind · 24 replies
    Red State ^ | 03/12/2022 | Brad Slager
    Despite boasts about going after the 1%, they haven’t been the federal tax agency’s focus for some reason.It has become a tiresome, platform talking point over the past few election cycles – the rich are not paying enough taxes. Corporations have been accused of paying zero income taxes. The empty claim from Bernie Sanders was always “the millionaires and billionaires” needed to pay their fair share. (He quickly dispatched ‘millionaires’ from his cliche’ the day his personal wealth was revealed to place him in that particular bracket.) Recently Elizabeth Warren has been sniping at Elon Musk within her vapid claim...
  • 'Tax us now' to reduce wealth inequality, say global millionaires

    01/19/2022 12:27:53 PM PST · by Oldeconomybuyer · 55 replies
    France24 ^ | January 19, 2022 | by: Joanna YORK
    More than 100 millionaires say current tax systems are “not fair” and increasing wealth tax would help resolve inequalities made dramatically worse by the Covid health crisis. Millionaires from around the world have signed an open letter asking governments to tax them at higher rates. The letter was published online Wednesday, mid-way through Davos, the World Economic Forum’s annual meeting being held virtually this year. The signatories of the letter, which was the result of a joint initiative from inequality advocacy groups Patriotic Millionaires, Millionaires for Humanity and TaxMeNow, said current tax systems were “not fair”. While only 100 millionaires...
  • China Tops List of Countries for Most Millionaires Moving Abroad

    06/20/2021 9:38:09 PM PDT · by SeekAndFind · 4 replies
    Epoch Times ^ | 06/20/2021 | Alex Wu
    A recent research report published by AfrAsia Bank listed the top 10 countries in the world that had the largest outflow of high-net-worth individuals (HNWI) in 2019. China topped the list with the most millionaires leaving for other countries in that year, followed by India.The study only covered HNWIs with a net worth of $1 million to $9.9 million who have settled in a new country for at least six months. The report also listed the top destinations for millionaires.China saw 16,000 millionaires leave in 2019, much more than India in second place, which saw 7,000 of its financially wealthy...
  • Number Of 401(k) Millionaires Hit New Highs Amid Worsening Economic Inequality

    11/19/2020 7:43:27 AM PST · by SeekAndFind · 87 replies
    Dawson County Journal ^ | 11/19/2020 | Tyler Durden
    Fidelity, the largest 401(k) provider in the US, has just released its third-quarter analysis titled "Building Financial Futures" that outlines the number of 401(k) millionaires hit a new high during the pandemic, reported WaPo. Fidelity said client balances of more than one million dollars for 401(k) accounts increased to 262,000, up 17% from the previous quarter. The number of IRA millionaires also increased to 234,000, up 15% in the quarter. Both breached the highs recorded in4Q19 when Fidelity reported 233,000 401(k) millionaires and 208,000 IRA millionaires.Market performance was primarily the reason for increases in 401(k) account balances in 3Q20. Despite...
  • If Trump Wins, Athletes Might Just Stop Playing

    10/27/2020 11:41:10 AM PDT · by Trump20162020 · 174 replies
    New York Magazine ^ | October 27, 2020 | Will Leitch
    A few weeks ago, I was talking to a relatively high-level sports executive about the election, which is to say we were discussing something terrible Donald Trump had said or done. We agreed that Trump was likely to lose. “But he could always still win — even Nate Silver says that,” I remarked. The executive then said something that stunned me, though the more and more I think about it, the more sense it makes. “If Trump wins, or if he refuses to concede, I’m telling you right now: There won’t be any sports for a month,” he said. “Maybe...
  • New Jersey governor, lawmakers strike deal to hike taxes on state's millionaires

    09/17/2020 7:53:35 AM PDT · by knighthawk · 20 replies
    Fox Business ^ | September 17 2020 | Megan Henney
    New Jersey Gov. Phil Murphy on Thursday announced a new deal with fellow Democrats to hike taxes on the state's wealthiest individuals and couple that with a one-time tax rebate for lower-income households. Under the plan, the state's gross income tax rate on individuals earning between $1 million and $5 million would increase from 8.97% to 10.75%. Wages over $5 million are already taxed at the top marginal rate of 10.75%. Someone earning $4 million would pay roughly $71,200 more in taxes each year, while someone making $1 million would see an increase of about $17,800 per year. Murphy's administration...
  • Levin: What’s NFL Sunday?

    09/13/2020 9:21:15 AM PDT · by conservative98 · 49 replies
    Mark Levin Twitter ^ | 9/13/20 | Mark Levin
    What’s NFL Sunday? You mean rich Democrats who hate and slander their fans playing football. Count me out! — Mark R. Levin (@marklevinshow) September 13, 2020
  • Oprah soundly spanked for encouraging white people to admit that they're 'racist' 'Who in the world screwed up and let The Oprah become a billionaire?

    08/06/2020 8:28:19 AM PDT · by rktman · 51 replies
    wnd.com ^ | 8/5/2020 | Joe Kovacs
    In response to a video in which Oprah Winfrey encourages white people to admit they are racist, radio legend Rush Limbaugh pummeled the popular black author and former television host. "This country is defined by people who came from nothing, like she did," Limbaugh said on his national broadcast Wednesday. "How in the world did she do it with so much white privilege and so much racism? Who in the world screwed up and let The Oprah become a billionaire? Which one of you white people made that mistake? Was it one of the King brothers who was her first...
  • The Visual Capitalist: Mapping the Global Migration of Millionaires; Which countries are magnets for the world’s rich, and which countries are seeing a wealth exodus.

    06/14/2020 9:53:10 AM PDT · by SeekAndFind · 13 replies
    The Visual Capitalist ^ | April 16, 2019 | Nick Routley
    The world’s wealthiest people are also the most mobile.High net worth individuals (HNWIs) – persons with wealth over US$1 million – may decide to pick up and move for a number of reasons. In some cases they are attracted by jurisdictions with more favorable tax laws, or less pollution and crime. Sometimes, they’re simply looking for a change of scenery.Today’s graphic, using data from the annual Global Wealth Migration Review, maps the migration of the world’s millionaires, and clearly shows which countries are magnets for the world’s rich, and which countries are seeing a wealth exodus.The Flight of the...
  • Beto Had a Total Meltdown Over Trump's Decision to Temporarily Halt Immigration

    04/22/2020 9:48:56 AM PDT · by rktman · 36 replies
    townhall.com ^ | 4/21/2020 | Beth Baumann
    Late Monday night President Donald Trump tweeted that he would be halting immigration to the United States during the Wuhan coronavirus pandemic. He expanded on that decision during Tuesday's White House Coronavirus Task Force briefing, saying immigration will be suspended for the next 60 days. Failed presidential candidate Beto O'Rourke (D) took to Twitter to criticize the president's decision. Beto made the claim that Trump is "attempt[ing] to distract us from his total mismanagement" of the Wuhan coronavirus.
  • Why Many Millionaires Don't Feel Rich

    02/12/2020 9:15:01 AM PST · by SeekAndFind · 87 replies
    Investopedia ^ | 02/12/2020 | By STEPHANIE TAYLOR CHRISTENSEN
    The term "millionaire" once inferred that a person was part of society's upper crust, able to enjoy luxuries most only dreamed of, including vacation properties and early retirement. The Gilded Age of the 1980s was all about flaunting excess, as echoed in movies like The Wolf of Wall Street and television series like Dallas and Dynasty. Back then one was perceived to be "rich" if he or she had an income of around $100,000, according to a USA Today article released on May 22, 1987. How Many Millionaires Are There in the U.S.? By 1989, American millionaires had become quite...
  • Michael Bloomberg Isn’t Really Running For President, And That Should Worry You

    01/29/2020 10:52:34 AM PST · by Kaslin · 59 replies
    The Federalist, ^ | January 29, 2020 | Christopher Bedford
    The staff, the ad spending, the campaigning -- Michael Bloomberg was going to do all of this to defeat President Donald Trump already. Doing it as a 'candidate' excempts him from limits on PACs and political donations. There is very good reason to believe Michael Bloomberg isn’t actually running for president.Of course, there is plenty of evidence to the contrary. For one, he declared he is. He’s also hired more than 1,000 staff and is still expanding, offering salaries far above campaign averages. This week, he became the first of the declared candidates to have campaigned in all 14 states...
  • Democrats unveil proposal for 'millionaires surtax'

    11/07/2019 10:01:50 AM PST · by yesthatjallen · 50 replies
    The Hill ^ | 11 07 2019 | Naomi Jagoda
    Rep. Don Beyer (D-Va.) and Sen. Chris Van Hollen (D-Md.) on Thursday rolled out a proposal for a “millionaires surtax,” amid a growing interest from Democrats in increasing taxes on the wealthy. “This is a bill designed to address two major problems of public policy: the lack of revenue, and inequality,” Beyer said on a call with reporters. “It’s a laser-focused solution that requires those who benefited the most from the economy to contribute in a way they simply haven’t been asked to before.” The lawmakers’ bill, which is being co-sponsored by Sen. Sherrod Brown (D-Ohio), would create a 10-percentage...
  • Trump Jr:I Wish I Was Like Hunter Biden So I Could Make Millions Off of My Father’s Presidency

    10/31/2019 7:14:09 AM PDT · by red-dawg · 6 replies
    The Daily Beast ^ | 10/31/2019 | Justin Baragona
    Donald Trump Jr., a man who shares the same name as the President of the United States and is currently the executive vice president of the Trump Organization, said with a straight face on Wednesday night that he wished his name was Hunter Biden so he could “make millions off my father's presidency.” During an appearance on Fox News’ Hannity to hawk his upcoming book Triggered, Trump Jr. quickly turned his sights on the impeachment inquiry his father is currently facing. After Trump Jr. called it a “sham” and claimed “the reasonable people in the middle” support his dad, Sean...
  • Hi tech entrepreneur’ Andrew Yang not rich enough to buy a modest home in Silicon Valley

    09/20/2019 7:36:31 AM PDT · by SeekAndFind · 23 replies
    American Thinker ^ | 09/20/2019 | Thomas Lifson
    Andrew Yang is widely identified as a “hi tech entrepreneur,” leading many people (including me) to assume that he is worth many millions of dollars, and independently wealthy. That made sense considering his plan to give a thousand bucks a month (borrowed, of course) to everyone (and it’s not clear to me if legal or illegal aliens qualify).But according to information in this column by James Freeman in the Wall Street Journal, he isn’t more than middle class, at least by the standards of Silicon Valley.  Julie Bykowicz reported in the Journal in May: Democratic presidential candidate Andrew Yang, a self-described...
  • Clinton Foundation, Bill Gates And Jeffrey Epstein

    09/08/2019 10:26:39 AM PDT · by E. Pluribus Unum · 20 replies
    Front Page Magazine ^ | September 8, 2019 | Daniel Greenfield
    An interesting new angle has emerged in the Jeffrey Epstein case. In August, the New York Times offered the following tidbit from Epstein. Mr. Epstein then meandered into a discussion of other prominent names in technology circles. He said people in Silicon Valley had a reputation for being geeky workaholics, but that was far from the truth: They were hedonistic and regular users of recreational drugs. He said he’d witnessed prominent tech figures taking drugs and arranging for sex (Mr. Epstein stressed that he never drank or used drugs of any kind). Back then, the Times was looking into Epstein's...