Does anyone know how much VC firms contributes to wealth inequality?
(ycombinator.com)
Does anyone know how much VC firms contributes to wealth inequality?
Does anyone know how much VC firms contributes to wealth inequality?
Oligarchs now in full control of America? What does Hacker News think of this?
(ycombinator.com)
The multi-millionaire and billionaire class have long put their thumbs on the scale of democracy through donations to the political class with the hope of gaining influence and shaping policy. But Tuesday's election outcome brings about a big shift that is different it seems to me from the past. US policy and democracy it seems to me has been handed directly to a small cast of characters led by Elon Musk, Peter Thiel, Jeff Bejos and perhaps the Murdoch family.
The multi-millionaire and billionaire class have long put their thumbs on the scale of democracy through donations to the political class with the hope of gaining influence and shaping policy. But Tuesday's election outcome brings about a big shift that is different it seems to me from the past. US policy and democracy it seems to me has been handed directly to a small cast of characters led by Elon Musk, Peter Thiel, Jeff Bejos and perhaps the Murdoch family.
Billionaires emit more CO₂ in 90 minutes than most people do in a lifetime
(oxfam.org)
Fifty of the world’s richest billionaires on average produce more carbon through their investments, private jets and yachts in just over an hour and a half than the average person does in their entire lifetime, a new Oxfam report reveals today.
Fifty of the world’s richest billionaires on average produce more carbon through their investments, private jets and yachts in just over an hour and a half than the average person does in their entire lifetime, a new Oxfam report reveals today.
Billionaires vs. Democracy
(inequality.org)
The richest man in the world is trying to buy the U.S. presidential election in order to bestow it, like a burnt offering, upon his preferred candidate.
The richest man in the world is trying to buy the U.S. presidential election in order to bestow it, like a burnt offering, upon his preferred candidate.
Musk, Bezos need just 90 minutes to match your lifetime carbon footprint: Oxfam
(theregister.com)
Despite their self-professed environmental bona fides, tech billionaires like Elon Musk, Jeff Bezos, and the their ilk are responsible for so much carbon emissions that the average person would need a lifetime to match the amount one of them spews in 90 minutes.
Despite their self-professed environmental bona fides, tech billionaires like Elon Musk, Jeff Bezos, and the their ilk are responsible for so much carbon emissions that the average person would need a lifetime to match the amount one of them spews in 90 minutes.
You May Be Paying a Higher Tax Rate Than a Billionaire
(propublica.org)
The very richest Americans win at the tax game no matter which measure you use. ProPublica has published an article, based on a vast trove of never-before-seen IRS information, that reveals the pittance in taxes the ultrawealthy pay compared with their massive wealth accumulation.
The very richest Americans win at the tax game no matter which measure you use. ProPublica has published an article, based on a vast trove of never-before-seen IRS information, that reveals the pittance in taxes the ultrawealthy pay compared with their massive wealth accumulation.
How to Tax the Rich: Piketty
(lemonde.fr)
The tax debates currently underway in France and the discussions which took place at the 2024 G20 summit demonstrate that the issue of tax justice and the taxation of billionaires is not about to disappear from the public debate.
The tax debates currently underway in France and the discussions which took place at the 2024 G20 summit demonstrate that the issue of tax justice and the taxation of billionaires is not about to disappear from the public debate.
Plutocrat Archipelagos
(macguffinmagazine.com)
Razor wire fences, galvanized spikes and electrified perimeters: the barriers that entomb the ultra-rich in their walled settlements isolate them from perpetual violence and societal collapse.
Razor wire fences, galvanized spikes and electrified perimeters: the barriers that entomb the ultra-rich in their walled settlements isolate them from perpetual violence and societal collapse.
Of course we can tax billionaires
(pluralistic.net)
Billionaires are pretty confident that they can't be taxed – not just that they shouldn't be taxed, but rather, that it is technically impossible to tax the ultra-rich.
Billionaires are pretty confident that they can't be taxed – not just that they shouldn't be taxed, but rather, that it is technically impossible to tax the ultra-rich.
Off-grid living: A boon for the wealthy, a burden for the rest?
(studyfinds.org)
How would you like to never have another electric bill? Advances in technology have made it possible for some consumers to disconnect from the power grid — a move that was once only available to the ultra-wealthy who could afford the associated costs, or survivalists willing to trade convenience for freedom. This is no longer the case.
How would you like to never have another electric bill? Advances in technology have made it possible for some consumers to disconnect from the power grid — a move that was once only available to the ultra-wealthy who could afford the associated costs, or survivalists willing to trade convenience for freedom. This is no longer the case.
People underestimate the income of the top%, researchers find
(phys.org)
People selectively underestimate how rich the world's richest people are, according to a study.
People selectively underestimate how rich the world's richest people are, according to a study.
Taxes on everyday Europeans bring in 13 times more revenue than taxes on wealth
(oxfam.org)
Taxes that disproportionately affect ordinary Europeans – consumption and labour taxes – bring in 13 times more revenue than taxes on wealth, which are paid mainly by the super-rich, according to a new analysis by Oxfam.
Taxes that disproportionately affect ordinary Europeans – consumption and labour taxes – bring in 13 times more revenue than taxes on wealth, which are paid mainly by the super-rich, according to a new analysis by Oxfam.
Personal carbon footprint of the rich is vastly underestimated
(cam.ac.uk)
The personal carbon footprint of the richest people in society is grossly underestimated, both by the rich themselves and by those on middle and lower incomes, no matter which country they come from. At the same time, both the rich and the poor drastically overestimate the carbon footprint of the poorest people.
The personal carbon footprint of the richest people in society is grossly underestimated, both by the rich themselves and by those on middle and lower incomes, no matter which country they come from. At the same time, both the rich and the poor drastically overestimate the carbon footprint of the poorest people.
Unrealized gains taxes are a pointless hassle. Much better ways to tax the rich
(noahpinion.blog)
There’s this annoying thing that some Democratic politicians do in America. They want to toss out some economic populist red meat — a reasonable enough impulse — but they make it overly wonky and then get lost in the weeds.
There’s this annoying thing that some Democratic politicians do in America. They want to toss out some economic populist red meat — a reasonable enough impulse — but they make it overly wonky and then get lost in the weeds.