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Articles on The wealthy

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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. Kent Nishimura/Los Angeles Times via Getty Images

Some rich people will love at least one sweetener in Democrats’ $3.5 trillion plan

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.
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

What’s a major donor? A fundraising expert explains

How much money it takes to attain this status varies according to the size of the nonprofit getting the gift.
Tourism, that quintessentially elitist pursuit, is now responsible for almost 8 percent of global CO₂ emissions. Blake Barlow/Unsplash

Inequality and climate change: the rich must step up

In the face of climate change, the poorest are suffering from the excess emissions of CO₂ linked to the lifestyle of the richest. It is time to act, in the name of climate and social justice.
William ‘Rick’ Singer founder of the Edge College & Career Network, pleaded guilty to charges in a nationwide college admissions bribery scandal. AP Photo/Steven Senne

Why rich parents are more likely to be unethical

An expert explains the many reasons why people behave in an unethical manner and what research shows on why the wealthy have a need to maintain their higher status.
Businessmen pass by Occupy Wall Street protesters at New York’s Zuccotti Park in 2011. AP Photo/Kathy Willens

Are the rich more selfish than the rest of us?

The wealthy evade taxes and are less likely to donate to charity, but does this mean they’re more selfish than everyone else? New research suggests not.
Warren Buffett’s voice has been one of the loudest arguing it’s time to raise taxes on millionaires and billionaires like him. Rick Wilking/Reuters

Are we ready to raise taxes on the rich? History says no

Two centuries of tax policy show efforts to raise taxes on the rich hinge on questions of fairness. The history also suggests proponents have a tough road ahead.

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