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Keyword: wealth

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  • Amazon CEO Jeff Bezos and his wife MacKenzie announce they are divorcing

    01/09/2019 6:59:32 AM PST · by CaptainK · 114 replies
    www.businessinsider.com ^ | 1/9/2019 | Kif Leswing 31m
    Amazon CEO and founder Jeff Bezos said that he will divorce his wife of 25 years, MacKenzie Bezos, in a tweet on Wednesday. "As our family and close friends know, after a long period of loving exploration and trial separation, we have decided to divorce and continue our shared lives as friends," the couple wrote in the statement. "If we had known we would separate after 25 years, we would do it all again," it continued.
  • Genocide, slavery and immigration: No New York Times, Slavery Did Not Make America Rich

    01/02/2019 1:17:56 PM PST · by SeekAndFind · 48 replies
    Washington Times ^ | 01/02/2019 | Richard Rahn
    My New Year’s wish for the coming year is for more of my fellow Americans and others to learn some basic history and try to get a grip on reality. Someone who writes for The New York Times under the name of Michelle Alexander wrote a column published last week, “Who Deserves Citizenship?” One of her choice sentences: “But for slavery, genocide, and colonization, we would not be the wealthiest, most powerful nation in the world — in fact, our nation would not even exist.” Hmm. Both North and South America were colonized by European countries that practiced slavery, and...
  • Party of the Rich: Democrats Hold the 20 Wealthiest Congressional Districts

    12/27/2018 6:23:04 AM PST · by RightGeek · 19 replies
    Townhall.com ^ | 12/27/2018 | Terry Jeffrey
    Each of the nation's 20 wealthiest congressional districts, when measured by median household income, will be held by Democrats in the upcoming Congress. Republicans did not win one. These districts are not broadly dispersed. Only one is not on the East or West Coast. Seven are in or near New York City. Five are in the San Francisco Bay Area. Four are in suburbs of Washington, D.C. Two are in Southern California. One is near Boston. And another -- the only one in the middle of the continent -- sits west of Chicago. In the 115th Congress, which is about...
  • The Clintons and Obamas, not Trump, cash in on presidency

    12/26/2018 7:45:56 PM PST · by simpson96 · 27 replies
    Lowell Sun ^ | 12/25/2018 | Peter Lucas
    President Donald Trump wants everyone to have a Merry Christmas. Except for the White House Press Corps, that is. Or for most of its members, anyway, the ones who in his eyes -- and the eyes of many others -- will not give him a fair shake no matter what he does. They are not worthy of a merry anything. That is why Trump canceled the Christmas party, a cancellation that came after the media downplayed or ignored the president's attendance at the wreath ceremony at the Arlington National Cemetery last week. Had he not gone it would have been...
  • The Reason Many Ultrarich People Aren’t Satisfied With Their Wealth

    12/06/2018 9:04:43 PM PST · by DeweyCA · 45 replies
    Hotair.com ^ | 12-6-18 | John Sexton
    This instinct to measure and compare doesn’t disappear once people have an obscene amount of money. “The problem is, Am I doing better than I was? is only [moving people in] one direction, which is up,” Norton says. And if a family amasses, say, $50 million but upgrades to a neighborhood where everyone has that much money (or more), they feel a lot less rich than if they had stuck to the peer comparisons they were making tens of millions of dollars ago. Hence the ever-shifting goalposts of wealth and satisfaction. The research Norton has conducted illustrating this phenomenon is...
  • Billion-dollar deal: Google pays $1 billion for huge Mountain View California business park

    11/30/2018 3:01:34 PM PST · by ProtectOurFreedom · 17 replies
    Google has paid $1 billion for a huge Mountain View business park, the Bay Area’s largest real estate purchase this year. It is the second-largest property purchase in the U.S. this year, eclipsed only by another Google acquisition, the $2.4 B paid for Chelsea Market in Manhattan. The newly acquired site in Mountain View, where Google has been the primary tenant, is larger than the property that accommodates the company’s Googleplex headquarters a few blocks to the west and also exceeds the size of the parcel across the street where Google is building an iconic “dome” campus that features canopies...
  • 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 £16m 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 £16m 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 £15m 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...