The latest instalment of leaks about the super-rich using offshore tax havens to hide their wealth has been published.
Several lawmakers from high-tax states like New York are pushing for changes to a key tax deduction in Democrats’ $3.5 trillion spending package.
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The 2017 tax cuts put a $10,000 cap on the deduction for state and local taxes. The richest households would see the biggest gains from eliminating or raising the cap.
U.S. Rep. Alexandria Ocasio-Cortez making a fashion statement.
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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.
Tesla aims to show off a prototype humanoid robot as soon as next year.
Courtesy Tesla
If you see the Tesla Bot as a joke or a harbinger of a dystopian future, you could be missing the real threat, which has more to do with Elon Musk’s power than robots run amok.
Craigslist founder Craig Newmark donates millions of dollars to journalism schools as well as other causes.
Bryan Bedder/Getty Images for Rush Philanthropic Arts Foundation
How much money it takes to attain this status varies according to the size of the nonprofit getting the gift.
CEO Warren Buffett was surrounded by press and fans when he arrived at Berkshire Hathaway’s 2019 annual shareholders meeting in Omaha, Nebraska, in May 2019.
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The investor has already given half of his $100 billion fortune to charity and he has pledged to disburse nearly all of the rest.
Amazon founder Jeff Bezos, right, watches a video playback of his flight with his new space tourism company from the spaceport near Van Horn, Texas.
(AP Photo/Tony Gutierrez)
Agata Soroko, L’Université d’Ottawa/University of Ottawa
Teaching kids better budgeting won’t fix post-pandemic inequalities. A more robust social safety net, less hoarding and squandering of wealth and more equitable tax policies might.
Recent space flights by multi-billionaires highlight the extreme economic inequality in America.
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In 1970, Gil Scott-Heron penned a spoken word song called ‘Whitey on the Moon’ that criticized the 1969 Moon landing. A hip-hop scholar explains why the song still reverberates today.
It wasn’t long after Jeff Bezos announced his plans to go to space that Sir Richard Branson joined in, setting a launch date to beat Bezos by nine days.
Graduates of Cal State Fullerton, one of many universities with nonwhite majorities that billionaire MacKenzie Scott is supporting.
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By not attaching any strings to the money, championing representation and generally taking care to respect nonprofit leaders, she’s following five best practices.
Should America’s billionaires be paying more tax?
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Billionaires have carbon footprints hundreds of times higher than the average American. Two scholars tried to put a number on it.
The philanthropist is giving away billions of dollars quickly to help people like these Floridians seeking donated food.
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By not attaching any strings to the money, championing representation and generally taking care to respect nonprofit leaders, she’s following five best practices.
Jeff Bezos is pouring $10 billion into the fight against climate change.
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Rather than pump money into a broken system, people like Jeff Bezos and Charles Koch could use their money to help fix it – by insulating politics from money.
Jeff Bezos’s ex-wife is funding efforts to dismantle racism and fight homophobia.
Romy Arroyo Fernandez/NurPhoto via Getty Images
By not attaching any strings to the money, championing representation and generally taking care to respect nonprofit leaders, she’s following five best practices.
Professor of Management & Organizations; Professor of Environment & Sustainability; Professor of Sustainable Enterprise at the Ross School of Business and School of Environment and Sustainability, University of Michigan