If current trends continue—and there is no reason to suspect they won't—we may be just a year away from a time when the wealthiest 1% of people in the world control the majority of the wealth.
Despite many gracious pleas for the cessation of this practice, it appears that wealthy people (in Canada) are making bold and whiny public declarations of their puzzling inability to "afford" the lifestyle they purport to deserve.
Conservatives and free marketeers across the globe are crowing at the end of France's brief flirtation with a 75% tax on very high earners. Rich people simply fled the country. Let's treat these people like the refugees that they are.
Shortly before the 2012 presidential election, Westgate Resorts CEO David Siegel told his thousands of employees that he might have to lay them off if Barack Obama was elected. How has that turned out?
This year (because of a law, obviously, not out of any sense of kindness), chickens will get bigger houses. That means the price of eggs is going up. Okay, good.
On the real estate front, there's good news, and bad news. The bad news is you can't afford Manhattan. The good news is that Brooklyn is—oh. Hm. Well, the good news is that Queens is—oh. Shit. Uhhh....
Hamilton Nolan · 12/22/14 10:00AM
The UK is preparing to criminalize the manipulation of exchange rates and other financial benchmarks. Apparently that was legal until now.
A new poll shows that
less than 30% of New Yorkers favor giving their elected state representatives the pay raise they are currently asking for. There are better ways to do this.
Vice Media, now valued at two and a half billion dollars, made a ton of money this year. How much do its employees make? Here is Vice's most detailed information yet.
You may have noticed in the news today that Russia's currency is crumbling into tiny, useless bits before our very eyes. How will evil strongman Vladimir Putin respond? Probably by doing some crazy shit.
The American economy is booming, for the most part! That means that it is constantly a good time to worry about which part of the economy will collapse first. Today: shitty bonds?
If America ever wants to shed our cynical, accurate view of our political system being solely a game for the rich, we must—must!—reform the way we finance political campaigns. This week, Congress is determined to take a big step in the wrong direction.
If you're going to donate a few bucks to charity this holiday season, you can make those bucks do the maximum possible good by donating to these four charities.
While you slackers were all spending quality time with your families, the global oil markets were plummeting! This is good news, perhaps. Or maybe bad news? Let's explore how this will save—or possibly destroy—our world.
If you are a middle class person who earns the national median income of $52,000, you pay a federal tax rate of 25%. If you earned ten thousand times that much money, your tax rate would go down.