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Keyword: wealth

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  • Before and now Net worth of Congress

    10/11/2018 6:03:23 PM PDT · by In God I trust · 4 replies
    N/A | 10/11/2018 | inGodi trust
    Okay long time freepers, I need some help it it will come from someone that has been here at least 6 years. There was a list graphic on a thread that showed approx. 15 congressmen and it had on it each pol's Net worth when elected and Net worth after 4+ years. It was a staggering list that showed you just how much money gets paid to our supposed servants that serve us. On top of the list was a congress woman (this is no lie) who came in with a net worth in just 6 figures and I believe...
  • Woman who spent Ł16m in Harrods revealed['Unexplained Wealth Order']

    10/10/2018 12:42:38 PM PDT · by Theoria · 35 replies
    BBC ^ | 10 Oct 2018 | Dominic Casciani
    A woman who spent Ł16m at Harrods in a decade can now be identified as Zamira Hajiyeva - the first target for the UK's new anti-corruption law. Mrs Hajiyeva lost a legal battle to stay anonymous after the media argued the public should know the full facts. Originally from Azerbaijan, she is the wife of an ex-state banker. She risks losing her Ł15m home near the London store and a Berkshire golf course if she fails to explain the source of her wealth to the High Court. Under the terms of the UK's first ever Unexplained Wealth Order, Mrs Hajiyeva,...
  • Comparing the Wealth of U.S. Geographic Regions Over Time

    10/10/2018 8:50:54 AM PDT · by mjp · 6 replies
    visual capitalist ^ | October 5, 2018 | Jeff Desjardins
    Comparing the Wealth of U.S. Geographic Regions Over Time Every year, the average American takes home about $51,600 in personal income. Of course, what you make each year depends on factors like your job, work ethic, education, and personal circumstances – but it also varies significantly over geography. The Geographical Wage Gap Today’s chart uses data from the Brookings Institute, and it focuses on the geographical wage gap, or the difference in per capita income that exists between various U.S. regions. Interestingly, it’s a gap that has historically narrowed over time. Just after the Great Depression, income per capita in...
  • Sorry New York Times, Donald Trump Is Self-Made

    10/09/2018 6:51:43 AM PDT · by SeekAndFind · 27 replies
    RCM ^ | 10/09/2018 | John Tamny
    In their 2009 book From Poverty to Prosperity, authors Arnold Kling and Nick Schulz noted how the productivity of a typical immigrant surged upon arrival in the United States. Thanks to feverish investment in all things American, those working in the United States (at all levels of income) are equipped to produce at levels that are the envy of much of the world. Simply stated, to be able to work in the United States is to win the proverbial lottery. While most Americans can’t lay claim to any substantial inheritance, we increasingly live and work as though we do. The...
  • Are We Richer Than We Think?

    08/24/2018 8:16:42 AM PDT · by SeekAndFind · 14 replies
    IBD ^ | 08/24/2018 | Robert Samuelson
    The Pew Research Center, a nonpartisan think tank, put out an interesting report the other day, whose main conclusion is this: Much of the Great Recession's economic damage has been repaired. On average, most working U.S. households — there are many individual exceptions of course — are earning more than before the recession. To skeptics of the strong U.S. recovery (including me), this is powerful evidence to the contrary. It's also confusing. When Pew economist Richard Fry crunched the numbers of a recent Federal Reserve study, he found that most generations of working Americans now have higher incomes than before...
  • Foreigners face ban on buying homes in New Zealand after apocalypse bolthole fad hikes prices

    08/10/2018 7:03:31 PM PDT · by vannrox · 23 replies
    The Telegraph ^ | 10AUG18 | Charlotte Graham-McLay
    Foreigners are to be banned from buying homes in New Zealand after a spate of millionaires seeking luxury doomsday boltholes has apparently crowded out local buyers and pushed up property prices. Following purchases by rich expats, including tech billionaire Peter Thiel - PayPal founder and early Facebook investor - and disgraced former NBC host Matt Lauer, who lost his job after allegations of sexual misconduct - the New Zealand government is preparing to crack down on the trend. New Zealand's allure for the mega-rich planning a safe space to ride out the apocalypse has become almost a cliche in recent...
  • How to Stand Up To a Morally Superior Leftist

    07/13/2018 4:09:25 PM PDT · by huckfillary · 38 replies
    The Daily Dose of Reason ^ | July 13, 2018 | Dr. Michael J Hurd
    On a friend’s Facebook thread, I recently posted the following. It was in response to a rather sanctimonious rant saying things defending socialism since Venezuela isn’t the only socialist country in the world. Also, the person asked if the millions going without health insurance in America mattered. Without the wealth that only free markets, free people and capitalism can create, there’s nothing to socialize. There’s nothing to redistribute. There’s nothing to steal or give away. Does that mean nothing to you? It should. Because in order to have wealth redistribution, you first have to get wealth! In order to socialize...
  • The Birth of the New American Aristocracy

    05/29/2018 4:45:38 PM PDT · by proxy_user · 39 replies
    The Atlantic ^ | June 2018 | Matthew Stewart
    I’ve joined a new aristocracy now, even if we still call ourselves meritocratic winners. If you are a typical reader of The Atlantic, you may well be a member too. (And if you’re not a member, my hope is that you will find the story of this new class even more interesting—if also more alarming.) To be sure, there is a lot to admire about my new group, which I’ll call—for reasons you’ll soon see—the 9.9 percent. We’ve dropped the old dress codes, put our faith in facts, and are (somewhat) more varied in skin tone and ethnicity. People like...
  • Why There Are So Many Rich Counties Concentrated Around Washington, D.C.?

    04/30/2018 12:17:59 PM PDT · by GuavaCheesePuff · 46 replies
    The Atlantic ^ | December 18, 2013 | Derek Thompson
    Twenty-nine of the top 30 areas with the most million-dollar homes are in California or NYC's Tri-State Area. Eight of the ten wealthiest towns are in California and New York State. Forty percent of the nation's billionaires live in California, New York State, and Connecticut. But the Washington, D.C., area dominates the list of highest-earning counties, claiming six of the top ten and 13 of the top 30. Why?
  • Flying Homes And Floating Cities: How Billionaires Travel

    03/08/2018 7:13:59 AM PST · by bananaman22 · 15 replies
    Safehaven.com ^ | 03-08-2017 | David
    In the early 1900s, John Jacob "Jack" Astor IV was thought to be among the richest people in the world, with a net worth of nearly $87 million when he died, equivalent to $2.21 billion in 2017. In April 1912, he was traveling back home to New York after holidaying in Egypt, accompanied by his wife. Naturally, he was the richest passenger on the RMS Titanic. We’ve come a long way since the Titanic, and now the rich travel alone--and in unimaginable style. By Plane Clearly the most efficient way of transport for everyone, wealthy included, is by air. Nowadays,...
  • 5 Record Breaking Gemstones Even Billionaires Can’t Buy

    02/20/2018 4:55:34 PM PST · by bananaman22 · 14 replies
    Oilprice.com ^ | 20-02-2018 | Charles
    As Elizabeth Taylor once said: “I adore wearing gems, but not because they are mine. You can't possess radiance, you can only admire it.” It’s a good philosophy, because when it comes to the world’s biggest, rarest and most extraordinary gemstone discoveries, no one—not even billionaire President Donald Trump—could afford the possession. We’re not talking about the average diamond engagement ring that sets you back $4,000 and was probably grown in a lab. And we’re not talking about the $3,000 ruby that was probably treated. We’re talking about the rarest gemstones in the world, like the ‘Guinness Emerald’ that came...
  • David Rockefeller Jr: ‘Does Happiness Come From Material Wealth?’

    02/17/2018 10:23:04 AM PST · by nickcarraway · 42 replies
    Financial Times ^ | 2/16 | Andrew Edgecliffe-Johnson
    The scion of one of America’s most successful business dynasties talks art and philanthropy“Mr Rockefeller has just taken his seat,” the woman at The Modern’s front desk tells me, but when I arrive at the table, it is empty. As I look around for the great-grandson of the man thought to be America’s first billionaire, I notice only five tables are full. Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may...
  • T. Boone Pickens, a Texas-Size Businessman, Calls It Quits

    01/22/2018 10:35:21 AM PST · by sodpoodle · 60 replies
    NYT ^ | 01/22/2018 | David Gelles
    Late last year, T. Boone Pickens was back at it, drilling for oil. On his 65,000-acre ranch in the Texas Panhandle, an expanse full of wildflowers and rolling hills, Mr. Pickens, 89, had erected a $6 million rig and started pumping fracking fluid into the earth. Decades past his heyday as a self-made oil mogul and old-school corporate raider, his fortune and his public profile diminished, Mr. Pickens was still hoping to strike it rich, just as he had done some 60 years ago as a young wildcatter in Amarillo. The well has begun producing, but Mr. Pickens — who...
  • Is America’s tax system fair?

    01/17/2018 8:32:25 AM PST · by Oldpuppymax · 10 replies
    The Coach's Team ^ | 1/17/18 | Amity Shlaes
    Tax the rich some more. That recommendation comes from many politicians. It seems obvious to tax the rich. We tell ourselves they won’t miss that little extra bit we take. And after all, it’s only right that they pay their fair share. The technical name for taxing the rich more is progressivity. And it’s hard to oppose a concept that shares its roots with an optimistic word like progress. But this surface logic obscures some important truths about progressivity. So let’s stand back. The first thing we see when we take our distance is surprising. It is that many people...
  • Of welfare reform and eating the rich

    01/06/2018 3:46:05 PM PST · by Kaslin · 7 replies
    Hot Air.com ^ | January 6, 2018 | JAZZ SHAW
    There’s another round of arguments brewing over welfare reform (or “workfare” as we used to say in the 90s), this time caused by hints that the Trump administration would begin granting waivers to states that want to impose work requirements on able-bodied recipients of Medicaid. These waivers were all denied under the Obama administration but, as you might expect, things are different now.These rumors have led Washington Post editorial team member Elizabeth Bruenig to take to her keyboard and make a sweeping argument which goes far beyond the question of workfare. Taking time out to toss an endorsement to her...
  • The Problem of Surplus Wealth

    01/06/2018 7:52:32 AM PST · by Kaslin · 31 replies
    Townhall.com ^ | January 6, 2018 | Steve Soukup
    trillion during the eight years of Barack Obama’s presidency. Little was said about this phenomenal growth at the time, and even less was done about it. Of course, now that the Republicans are in charge and have had the audacity to cut taxes, the horror of the deficit is once again a topic of conversation among the chattering classes. Even so, no one has offered a viable solution to the problem, and no one ever will. The conventional wisdom says that this is so largely because the consequences of curtailing the deficit are immediate, while the consequences of not curtailing...
  • Why Democrats Are Obsessed With Wealth Inequality

    11/11/2017 11:19:28 AM PST · by Tolerance Sucks Rocks · 37 replies
    The Daily Signal ^ | October 31, 2017 | Dennis Prager
    Here is how many times keywords were spoken: Wall Street: 23Tax: 20Inequality: 9Wealthy: 7 Now, compare the number of times other national concerns were mentioned: ISIS: 4Terror/ists/ism: 2Defense: 2Military (excluding Jim Webb): 1Freedom: 1Debt (national): 0Liberty: 0Strength: 0Armed forces: 0Islamist/Islamic: 0
  • Meet the New Class Traitors Who Are Coming Out as Rich

    10/16/2017 8:27:57 PM PDT · by nickcarraway · 37 replies
    The Guardian ^ | Monday 16 October 2017 | Alissa Quart
    For many, talking about money, especially their own, is a social taboo. But now wealthy progressives are opening up about a system that is skewed in their favor They are a minority in this country. Their rituals are often secretive. They have their own lingo, etiquette, schools, neighborhoods, and certain places they visit, seasonally. Typically, they partially hide their identities. But in the last five years, some have started to “come out”, not necessarily in pride but simply out of civic-mindedness. What they are revealing is surprising. They are coming out as rich. Eric Schoenberg is one of them. “I...
  • How the 'Luxury Kids of Instagram' spend their parents' fortunes on private jets and luxury cars

    10/07/2017 8:23:02 PM PDT · by 2ndDivisionVet · 13 replies
    Insider ^ | October 5, 2017 | Lucy Yang
    In recent years, the original "Rich Kids of Instagram" account has amassed over 400,000 followers, spawned dozens of similar accounts, and inspired both books and reality TV shows. From Switzerland to Vietnam, rich kids get to enjoy unlimited shopping sprees, pop Champagne on private jets, eat the finest foods, and so much more. Recently, the Daily Mail spotted a spin-off account called "The Luxury Kids" that's living up to its name — to say the absolute least. Like the "Rich Kids of Instagram," this account features submissions from young, extremely privileged children across the world. Here's what life is like...
  • I ate a $2,000 pizza — and I want it again

    09/27/2017 12:17:27 PM PDT · by C19fan · 45 replies
    CNBC ^ | September 27, 2017 | Robert Frank
    As a New Yorker, I am picky and personal about my pizza. I like a thin crust, fresh tomato sauce that's not too sweet and whenever possible, fresh basil on the mozzarella. So it was with some reticence (and mild horror) that I found myself picking up a slice of pizza in downtown Manhattan recently that was slathered with truffles, foie gras and caviar. Oh and lots of gold.