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Keyword: wealth

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  • 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.
  • Democratic Socialists of America Triples Membership Since Trump

    03/14/2017 8:10:14 AM PDT · by rktman · 46 replies
    breitbart.com ^ | 3/13/2017 | Ben Kew
    Membership in the Democratic Socialists of America (DSA) has tripled since Donald Trump’s election in November to over 19,000 paying members, a report from the Los Angeles Times reveals. The group, founded in 1982, is now the largest socialist organization in the United States and recently published a “Resistance Rising” strategy to combat the Trump administration. “On November 8, voters in the United States narrowly elected an openly racist, misogynist and nativist candidate for president,” the organization’s website reads. “We must understand ‘Trumpism’ as a cross-class white nativist alliance; the median family income of the 62 percent of white voters...
  • Why We're Doomed: The point is the present system cannot endure

    09/01/2017 8:44:20 AM PDT · by SeekAndFind · 13 replies
    Of Two Minds ^ | 08/31/2017 | Charles Hugh Smith
    Authored by Charles Hugh Smith via OfTwoMinds blog,The point is the present system cannot endure.Despite all the happy talk about "recovery" and higher growth, wages have gone nowhere since 2000--and for the bottom 20% of workers, they've gone nowhere since the 1970s.Gross domestic product (GDP) has risen smartly since 2000, but the share of GDP going to wages and salaries has plummeted: this is simply an extension of a 47-year downtrend.Last month I posted one reason Why We're Doomed: Our Economy's Toxic Inequality (August 16, 2017). The second half of why we're doomed is stagnant wages. Why do stagnating...
  • 3 government 'solutions' that have failed miserably

    08/12/2017 12:19:42 PM PDT · by Tolerance Sucks Rocks · 29 replies
    WND ^ | July 17, 2017 | Rita Dunaway
    In their passion to achieve a government-crafted utopia, the liberal/progressive movement often does more harm than good. This is because their tool of choice – the government – can only apply superficial solutions that come with harmful side effects. Efforts to correct “income inequality” and “fight poverty” through government entitlement programs are a prime example. As columnist George Will recently asked and answered, “[W]hat if large causes of poverty are not matters of material distribution but are behavioral – bad choices and the cultures that produce them? If so, policymakers must rethink their confidence in social salvation through economic abundance.”...
  • Why the Swamp Hates Trump

    08/11/2017 9:00:50 AM PDT · by afraidfortherepublic · 7 replies
    American Thinker ^ | 8-11-17 | Bob Weir
    Imagine that you were elected to a federal office several years ago and had a safe seat with all the perks attached, including salary, expense account, and influence with corporate CEOs and other titans of industry.  Suppose further that you knew that the future would be prosperous when you left office because the connections you made would make you a fortune as a lobbyist.  Moreover, since unseating an incumbent is a herculean task, you felt that you were set for life.  In fact, as soon as you got elected, you began raising money and preparing for re-election.  Governing and legislating...
  • A woman who has coached hundreds of millionaires and billionaires shares the secret to their success

    06/26/2017 10:35:58 PM PDT · by 2ndDivisionVet · 34 replies
    CNBC ^ | June 26, 2017 | Kathleen Elkins
    Executive leadership coach Lolly Daskal has worked with hundreds of millionaires and billionaires. The secret to their success doesn't boil down to one specific habit, routine or personality trait, she tells CNBC: "The secret of the true billionaire is what's going on on the inside." "There's so much literature out there about how to succeed," she continues. "Most of the books talk about 'how': Do this and you will be that. But it doesn't work that way. We have it backwards. What we really need to do is to figure out who we are on the inside. We need to...
  • Trump and JFK Are More Alike Than We Like to Think

    05/29/2017 10:26:28 AM PDT · by 2ndDivisionVet · 17 replies
    Newsweek ^ | May 29, 2017 | Professor Robert Strong, Washington and Lee University
    On the 100th anniversary of John F. Kennedy’s birth there are countless commentaries about the promise shown by our youngest elected president and the grief felt when high hopes were dashed in Dallas. Remembering JFK is worthwhile for many reasons, but one set of reasons is likely to be overlooked. Our nation’s youngest president might be able to tell us something about our oldest. John F. Kennedy and Donald J. Trump have more in common than devotees for either would want to admit. Both were second sons of successful and domineering fathers. Both grew up in wealth and privilege, though...