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Keyword: wealthy

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  • Democracy Alliance: Soros Billionaires Club for Revolution

    01/25/2017 2:34:22 PM PST · by detective · 5 replies
    The New American ^ | 25 January 2017 | William F. Jasper
    Even as Democrats publicly and loudly decry corporatist political “dark money,” billionaire Democrats and other donors funnel hundreds of millions to radical and violent causes.   Barely a week had passed after Donald Trump’s historic upset in the November 8 presidential election, but some of the world’s richest individuals were already launching a counteroffensive. George Soros and his fellow deep-pocket funders of the Democratic Party and left-wing causes gathered with a lineup of party activists and luminaries from Hollywood, K Street, and Wall Street for a three-day “investment conference” (November 15-17) at the luxurious Mandarin Oriental Hotel in Washington, D.C....
  • Wealthy exodus to escape new tax rules worries California Democrats

    01/18/2018 6:35:38 PM PST · by Beave Meister · 55 replies
    Sacramento Bee ^ | 1/18/2018 | ADAM ASHTON
    The Republican-backed federal tax bill flipped the tables on a never-ending question for California politicians: Will high taxes lead the state’s wealthiest residents to flee the Golden State for the comparable tax havens of Florida, Nevada and Texas? Republicans reliably raise that alarm when Democrats advocate for tax increases, like the 2012 and 2016 ballot initiatives that levied a new income tax on very high-earning residents. But now, with the federal tax bill cutting off deductions that benefited well-off Californians, the state’s Democrats suddenly are singing the GOP song about a potential millionaire exodus. “People with higher incomes pay a...
  • Wealthy Homeowners in Blue States Will Be Hit Hardest by the GOP Tax Bill Awaiting Trump’s Signature

    12/21/2017 6:55:43 AM PST · by davikkm · 79 replies
    IWB ^ | Robert Carbery
    Before we get into the real estate ramifications portion of the GOP tax bill, let us recall and reiterate the fact that zero Democrats voted for a tax plan that cuts the corporate tax rate to 21% from 35% to make American corporations more competitive and bring more taxable income home, simplifies the tax code and eliminates some deductions, trims other deductions, and does away with a personal exemption, all of which would result in around 48% of U.S. households receiving tax relief of at least $500, according to the Joint Committee on Taxation. The GOP tax bill has now...
  • Wealthy New York City Elites Prepare to Leave the City Under de Blasio’s Tax Burden

    12/17/2017 5:43:43 PM PST · by Libloather · 46 replies
    Western Journalism ^ | 12/17/17 | Robert Donachie
    **SNIP** For the first time, many wealthy Manhattanites will finally feel the full burden that their state legislators and city leadership have put on them. De Blasio is actually trying to increase millionaire New York City taxpayers’ loads as Republicans put the finishing touches on their bill. The mayor is trying to levy a 14 percent tax increase on the city’s millionaires to pay for improvements to the city’s subway system. The governor-elect of New Jersey is looking to pull a similar tactic to raise money for public schools in the state.
  • Mass Murderers Should Be Deprived of Fame

    10/12/2017 1:51:55 PM PDT · by Kaslin · 27 replies
    Townhall.com ^ | October 12, 2017 | Steve Chapman
    On Oct. 1, a 64-year-old Nevada man opened fire on a crowd of concertgoers from a high-rise hotel in Las Vegas, killing 58 people and injuring hundreds. If you don't know his name, you can easily find it online, in print or on TV. But you won't learn it from this column. Notoriety may have been what he was after in methodically plotting the slaughter. He may have intended to outdo other mass shooters. He may have hoped his name would gain a sinister immortality. University of Alabama criminologist Adam Lankford has explained the repetition of such incidents as a...
  • 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...
  • Steve Bannon Pushing For 44 Percent Marginal Tax Rate On The Very Rich

    07/26/2017 5:10:06 PM PDT · by sunrise_sunset · 96 replies
    The Intercept/Drudge ^ | 7/26/2017 | Ryan Grim
    Top White House adviser Steve Bannon is pushing for tax reform to include a new 44 percent top marginal tax rate, hitting people who earn more than $5 million a year, with the revenue paying for tax cuts for the rest, according to three people who’ve spoken to him recently.
  • Dina Merrill, Heiress Turned Actress Who Grew Up in Trump’s Future Mar-a-Lago Estate, Dies at 93

    05/22/2017 9:28:09 PM PDT · by 2ndDivisionVet · 21 replies
    The Wrap ^ | May 22, 2017 | Thom Geier
    Dina Merrill, an heiress turned actress who starred in classic movies such as 1960’s “BUtterfield 8” and 1963’s “The Courtship of Eddie’s Father” died Monday in East Hampton, N.Y., the New York Times reported. She was 93....
  • A Blood Boiler

    03/19/2017 12:11:20 PM PDT · by Sean_Anthony · 14 replies
    Canada Free Press ^ | 03/19/17 | Bob Christie
    The rich eat better, drive better vehicles, and live in better homes in better neighborhoods, but purchasing better health care is somehow a sin to those who think you shouldn't have it An article in the March 18 issue of the Toronto Star, a left-leaning publication, got my blood boiling! It is titled “Buying their way to the front of the health-care line.” That is followed, in large bold lettering, by the question, “Should the wealthy be allowed to buy their way to faster health care at private clinics?” My question to the authors is: Who the hell are you...
  • Cruz's faltering campaign shows the risks of depending on a few wealthy donors

    05/02/2016 2:42:39 PM PDT · by catnipman · 77 replies
    LA Times ^ | 5/2/2016 | Joseph Tanfani and Noah Bierman
    Ted Cruz, in his outsider’s bid for the White House, has depended heavily on the largesse of just three wealthy donors to establish credibility and stay afloat amid a chaotic nominating process that killed off most of his rivals. Now, at perhaps the most desperate moment in his quest to win the Republican nomination, Cruz is learning the perils of relying on strong-willed magnates who carry their own agendas and have demanded an unprecedented level of control in how their money is spent. ...
  • Here are the famous politicos in ‘the Wikileaks of the mega-rich’

    04/03/2016 5:42:15 PM PDT · by Beave Meister · 14 replies
    Fusion ^ | 4/3/2016 | Fusion Investigative Unit
    It’s being called the “Panama Papers” — a trove of 11.5 million leaked internal documents from the Panamanian law firm Mossack Fonseca, showing how hundreds of thousands of people with money to hide used anonymous shell corporations across the world. Fusion’s investigative unit was one of the more than 100 media organizations that dove into the files — and found drug dealers, arms traders, human traffickers, fraudsters. We also found no shortage of politicians or their family members. Here is a listing of current and former world leaders connected to the files. Check out Dirty Little Secrets, Fusion’s full investigation...
  • PROGRESSIVE “THOUGHT-BLOCKERS”: INCOME INEQUALITY

    02/11/2016 8:41:53 AM PST · by Beave Meister · 4 replies
    Front Page Mag ^ | 2/10/2016 | Bruce Thornton
    An ideological construct that exploits envy and resentment for political advantage. Throughout this primary season, Hillary Clinton and self-proclaimed socialist Bernie Sanders have both been flogging the “crisis” of “income inequality,” which is “at the center of their campaigns,” according to CNN. Both have scourged the “greed” of the “1%,” called for higher taxes on the “rich,” and promised to expand and multiply government programs to rectify this injustice. Yet like other slogans progressives rely on, the idea of “income inequality” is an ideological construct, a statistical artifact that exploits envy and resentment for political advantage. The first problem with...
  • Dow in correction as growth concerns weigh; Apple falls 5.5%

    08/21/2015 12:20:39 PM PDT · by Red Badger · 26 replies
    www.cnbc.com ^ | 08-21-2015 | Evelyn Cheng
    U.S. stocks traded about 2 percent lower on Friday, extending a recent rout, as concerns about slowing global growth continued to pressure investor sentiment. ( Tweet This ) The Dow Jones industrial average briefly fell into correction territory, losing more than 470 points as all blue chips declined. In the last five years, the index has only had four instances with closing losses of more than 400 points. "It's an expiration day and it looks like they're to have for sale on the close maybe as much as a billion dollars," said Art Cashin, director of floor trading for UBS....
  • NETWORKS MUM on Obama’s Radical Plan to Build Housing Projects in Wealthy Suburbs

    07/09/2015 7:15:57 AM PDT · by Enlightened1 · 62 replies
    Gateway Pundit ^ | 07/08/15 | Jim Hoft
    Author Stanley Kurtz argued in his book Spreading The Wealth: How Obama Is Robbing The Suburbs To Pay For the Cites that Barack Obama’s grand socialist plan included redistributing wealth from American suburbs to the inner city. Obama passed regulations in 2013 to force suburban neighborhoods with no record of housing discrimination to build more public housing targeted to ethnic and racial minorities. According to Kurtz, the underlying thrust of the rule change was to force racial and ethnic diversity on the suburbs: The new HUD rule is really about changing the way Americans live. It is part of a...
  • I lost $100M — and I’ve never been happier

    06/06/2015 4:54:42 PM PDT · by lowbridge · 32 replies
    nypost.com ^ | june 5, 2015 | jane ridley
    Manhattan writer Suzanne Corso, 46, was once a card-carrying member of the 1 percent — until her financier husband lost their $100 million nest egg in the 2008 fiscal meltdown. Here, the mother of one, who has just published her third novel, “Hello, Hollywood,” tells The Post’s Jane Ridley her very New York story of survival. My 6-year-old daughter doesn’t think twice about calling room service from our luxury residential hotel to order a $25 cheeseburger for herself. It’s November 2005 and we’ve been living in an 11-room suite at the Ritz-Carlton on West Street for a little more than two years. And...
  • Baby Boom Among New York’s Affluent

    05/02/2015 3:00:40 PM PDT · by proxy_user · 10 replies
    New York Times ^ | Ginia Bellafante
    Over the past decade or so as $10 million apartments have prevailed in New York and more and more neighborhoods have been given over to the kind of luxury shopping required to fill them, it has been common to say that the city has turned into a “playground for the rich.” At the same time, of course, New York has turned into a playground of the more literal kind, with a child-centric ethos bearing well-established variants of urban nuisance: stroller gridlock in gentrifying areas, car services that cater to 5-year-olds, sidewalk whining that in some cases becomes its own source...
  • Why Many Rich People Are Frugal-Unusual mindset of many rich...and why you might want to adopt it

    03/07/2015 3:16:45 PM PST · by 2ndDivisionVet · 38 replies
    Psychology Today's How To Do Life Blog ^ | March 6, 2015 | Marty Nemko Ph.D.
    I have a client I'll call Linda Loaded. When making coffee, she is so frugal that she puts less coffee into the coffeemaker than she should and compensates by, when the coffee is ready, squeezing the filter with the hot grounds in her hand to get the concentrated coffee into her cup, incurring a bit of pain. To save a few pennies. She is worth $10 million dollars. Not surprisingly, I asked her why she does it. LL: Being not wasteful is core to who I am, why I'm worth $10 million, and why I'm able to live a life...
  • ISIS militant ‘Jihadi John’ unmasked as middle-class Brit

    02/26/2015 6:12:09 AM PST · by KeyLargo · 36 replies
    NY Post ^ | 2-26-2015 | Yaron Steinbuch
    ISIS militant ‘Jihadi John’ unmasked as middle-class Brit By Yaron Steinbuch February 26, 2015 | 7:16am The infamous masked ISIS madman seen in gruesome videos beheading Western hostages was identified by media outlets Thursday as Mohammed Emwazi — a middle-class Briton with a degree in computer programming. The BBC reported that the Kuwaiti-born Emwazi is in his mid-20s and from West London. British authorities chose not to identify him earlier for operational reasons. “I have no doubt that Mohammed is Jihadi John,” one of Emwazi’s close friends told the Washington Post. “He was like a brother to me. . . . I...
  • Democratic lawmaker introduces plan to give middle-class Americans tax breaks at expense of wealthy

    01/14/2015 2:39:33 AM PST · by Libloather · 12 replies
    Daily Mail ^ | 1/14/15 | Francesca Chambers
    A senior U.S. House Democrat unveiled this week an aggressive agenda to boost workers' paychecks by shifting significant tax breaks from the wealthiest Americans to the middle class. The plan from Representative Chris Van Hollen has almost no chance of passage by the Republican-controlled Congress but is aimed at shaping Democrats' policy vision for the 2016 presidential election. The Maryland Democrat's plan calls for an annual 'paycheck bonus' tax credit of $1,000 for individuals making less than $100,000 a year and $2,000 for married couples making less than $200,000 and would be funded through a new fee on financial transactions.
  • Chris Rock’s econ bombshell: What his “riots in the streets” prediction says about American Dream

    12/05/2014 8:28:49 PM PST · by 2ndDivisionVet · 40 replies
    Salon ^ | December 3, 2014 | Elias Isquith
    Comedian reveals what it means to be rich today -- and how little the average American really understands about it. I’ve already written a bit about Chris Rock’s must-read interview with Frank Rich and, as much as I enjoy the comedian’s work, I didn’t expect to be returning to it quite so soon. But although Rock’s comments on racism initially drew the most attention, a recent study from Gregory Clark, a researcher at University of California, Davis, has got me thinking that the comedian’s most insightful (and potentially radical) statement came earlier in the interview, during a brief digression about...