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Articles on Wealth

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Giving a portion of one’s wealth annually is part of the spiritual practice in Islam. gahsoon/E+ via Getty Images

What is Zakat? A scholar of Islam explains

Zakat, or charity, is a fundamental practice within the Islamic faith.
The world’s wealthiest people wouldn’t be able to shield their riches from tax authorities without enablers. (Piqsels)

Paid millions to hide trillions: Pandora Papers expose financial crime enablers, too

Highly compensated ‘enablers’ such as financial experts, lawyers, accountants, notaries, estate agents and company service providers are assisting oligarchs, dictators and criminals around the world.
U.S. Rep. Alexandria Ocasio-Cortez making a fashion statement. Ray Tamarra/GC Images via Getty Images

‘Tax the rich’? Democrats’ plans to make the wealthy pay a little more will barely dent America’s long slide from progressive taxation

In 1950, the top 0.01% of earners paid almost 70% of their income in taxes. By 2018, the super-rich paid proportionately less than the average for all other Americans.
Some extremely rich people are paying a much smaller share of their income on taxes than other folks. Nuthawut Somsuk/iStock via Getty Images Plus

A new reason Americans are getting leery of billionaire donors

News about how little income tax some of the richest Americans reportedly pay is adding to questions about the value to society of their massive charitable donations.
Recent college graduates owed an average of nearly $30,000 in student loans in 2019. lightspeedshutter/iStock via Getty Images Plus

Student loan debt is costing recent grads much more than just money

Student loan debt can affect not only the financial health of recent grads but also their mental and emotional health. Three scholars weigh in on the greater costs student loans can have on borrowers.
In a 1775 cartoon, a British cartoonist mocks how wealthy elites were compelled by ordinary Americans to respect trade and price regulations. Philip Dawe/Wikimedia Commons

Fight for economic equality is as old as America itself

Fears of great wealth and the need for economic equality go back to the country’s origins.

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