More signs of a serious decline of the UK! So much foolishness is beyond belief!
Will the new PM Burnham fix this quickly?
1% of top income taxpayers account for 28.5% of total income tax revenues
Showing posts with label super rich individuals. Show all posts
Showing posts with label super rich individuals. Show all posts
Saturday, October 10, 2026
Britain’s Great Wealth Dilemma, more than 14 billionaires have already left the UK
Friday, October 02, 2026
The Top 10 Richest People In The World according to Forbes
Impressive! Very little change from previous top 10 list.
Friday, September 18, 2026
A Record 590 U.S. Billionaires Aren’t Rich Enough To Make The Forbes 400 List
So there are at least 1,000 billionaires living in the US?
Wednesday, September 09, 2026
Friday, August 28, 2026
Bill Gates wants to see a robot tax and 'Human Reserved' jobs to mitigate harms from AI
Proves again billionaires are not smarter than the rest of us!
What is the old man (age 70) worried about?
Why would you tax robots? In medieval times windows were taxed around 1700 AD/CE in England! Why would you stymie progress with taxes?
Why is Bill Gates calling for Big Government to intervene?
To replace worker payroll taxes with a robot tax is a dumb idea too!
"... In terms of equity [???], AI will either be the greatest equalizer ever invented, or the worst source of injustice. ..." What a primitive and wrong dichotomy!
"... This time really is different. ..." Really!
"... The world needs a plan. ..." Central planning by big government?
Caveat I did not read the very lengthy post by Bill Gates!
The turbulent AI era is here. The choices we make now are critical. "We need a plan to ensure that the good outweighs the bad."
Bill Gates (Source)
Sunday, August 09, 2026
Nearly 7 million U.S. homes are now worth at least $1 million
Good news! Impressive! However, how much is due to price inflation?
"Nearly 7 million U.S. homes are now worth at least $1 million, up from about 1.5 million in 2005, according to the National Association of Realtors. Those properties make up 8% of the market, and in Hawaii, roughly 40% of homes have crossed that threshold.
Meanwhile, Americans need to earn about $110,000 a year to afford even a typical home, a Redfin report found. The median household income sits at roughly $88,000, leaving a gap of more than $22,000 between what families earn and what it takes to buy.
The affordability squeeze has eased slightly, with the gap shrinking from $26,000 a year ago and $29,000 two years ago as incomes rise faster than housing costs. Redfin defines “affordable” as a buyer’s mortgage not consuming more than 30% of their income."
Something seems to be odd with this chart by Redfin! Why that steep increase after 2021? Why not more historical data since it appears the curve was fairly flat before 2021?
Saturday, August 08, 2026
The moral paradox of extreme wealth: Why people oppose it yet are reluctant to take steps to reduce it. Really!
Some dim witted, naive psychology college professor wrote this piece! Most likely, she has no clue about a free market economy!
Her lifetime citation count on Google Scholar is 3466! This is very low!
This piece was published by
What a joke!
Caveat: I did not read her piece!
"... Given the prevalence of such stark inequality, it would be easy to assume that most people accept it as fair – but they don’t. As a psychologist who studies how people navigate moral problems, I suspect that one major challenge to effectively reining in extreme wealth is that doing so forces people to navigate between opposing moral demands. ...
Some argue that people chronically underestimate the scale of inequality – in the 2014 study, Americans underestimated the actual pay ratio at the time as being only 30-to-1.
Others argue that the primary driver of the disconnect is people’s unwillingness to abandon their beliefs in merit – that wealth is the product of hard work, talent and risk. ..."
The author Jennifer Cole Wright (Source)
This is her portrait photo on Google Scholar
Tuesday, August 04, 2026
California Democratic Party endorses “billionaire tax” ballot proposition for mid-term election
How stupid is the Dimocratic Party before the mid-term elections?
They claim it is a one-time tax measure! What a joke and what a deception!
History is full of examples that such special taxes aimed at super rich individuals are doomed to fail. Voting by feet, tax havens are just some examples. Successful expert tax advisors are standing by.
Oh, Governor Gavin Newsom wants a national wealth tax instead. What a clever guy he is! Hopefully, this will dash any prospects he ever becomes a US President!
Caveat: I am not familiar with the details of this proposition!
"The California Democratic Party convened its executive board this past weekend in San Diego to vote on endorsing or opposing the 14 ballot measures that will be decided in the November general election.
The most notable endorsement was for Proposition 40, a one-time tax on billionaires that has now divided the party from the highest-profile Democrats in the state. Gov. Gavin Newsom and gubernatorial candidate Xavier Becerra have expressed opposition to this proposition. ...
Newsom posted on Substack in June that a state-level tax is the wrong approach to taxing billionaires, and called for a national wealth tax instead. ..."
Thursday, July 30, 2026
US Added 1,200 Millionaires a Day Last Year for a total of 441,078 new millionaires or almost half of all new millionaires worldwide
Good news! Good times!
How many of them were lottery game winners? 😊 [Few, I guess.]
"The United States added 441,078 new millionaires last year, more than 1,200 every day, according to global wealth data. There are now 23.6 million American millionaires, more than two of every five worldwide.
Global personal wealth rose 10.8% in 2025, and nearly 1 million people worldwide joined the ranks of millionaires. Every one of the 56 markets tracked ended the year with more millionaires than it started. ..."
"... Adults in North America remained the wealthiest on average, with average wealth per adult of USD 660,000, followed by Australia and New Zealand at almost USD 590,000, while Western Europe reached over USD 330,000.
Switzerland continued to top the ranking for average wealth per adult at USD 910,382, followed by the United States and Luxembourg ...
The United States accounted for almost half of newly created millionaires in 2025, adding more than 440,000 individuals, followed by mainland China, Japan, Germany, the United Kingdom, and France, each counting over 2 million millionaires in total. ..."
Global Wealth Report 2026: Global wealth rose over 10% in 2025 (original news release) "In 2025, global wealth expanded at its fastest pace since 2017, marking the third consecutive year of growth. The latest edition of the UBS Global Wealth Report shows a broad-based increase in personal wealth, driven by strong financial markets and rising non‑financial assets, with average wealth growing faster than global economic output. However, gains were uneven, with differences across regions and wealth segments."
Friday, July 24, 2026
Over 140 U.S. living billionaires are immigrants. Only 9 live in Texas.
Texas Governor Abbott is not doing enough to attract billionaires? Just kidding!
"... There were 144 foreign-born billionaires living in the United States in 2026, worth more than $2.2 trillion collectively, Forbes found, compared with 125 immigrant billionaires in 2025 and 92 in 2022. ..."
"... For the second straight year, India is the birthplace of the most immigrant billionaires, with a record 19. That’s up from 12 a year ago thanks to new entrants including venture capitalist Hemant Taneja, semiconductor firm Astera Labs’ cofounders Sanjay Gajendra and Jitendra Mohan, and Palantir's chief technology officer, Shyam Sankar. It’s the only country, in fact, that produced more than one newcomer this year, on top of welcoming five last year. Israel and Taiwan once again follow with 11 apiece. ..."
Saturday, March 28, 2026
Putin Reportedly Demands Oligarchs Fund War in Ukraine, Kerimov Pledges 100 Billion Rubles
Will the oligarchs stop Putin the Terrible? Hope and pray they have the courage!
Putin the Terrible
Friday, January 30, 2026
„Reichensteuer: Aber richtig“ wie Ultrareiche endlich fair besteuert werden können. Wirklich!
Wieder mal Neid und Gier gegen Reiche!
Zahlen nicht Besserverdienende und Reich ehedem schon verhältnismäßig mehr Steuern als der Rest der Steuerzahler? In den USA ist das schon seit Jahrzehnten nachgewiesen worden.
Erhalten Geringverdiener und Arme etc. nicht Sozialleistungen und andere Vorteile?
Sunday, January 25, 2026
Saturday, January 17, 2026
Oracle co-founder Larry Ellison renames his yacht
What an odd news!
"... its name, Izanami, spelled “I’m a Nazi” when viewed in a mirror. He chose the name from Japanese mythology."
Sunday, December 28, 2025
World's youngest self-made female billionaire Luana Lopes Lara (age 29) reveals how she co-founded company Kalshi with Maria Bartiromo
Very recommendable! I bet this is an interesting business to be in! 😊
How Putin the Terrible neutralized Russia's billionaires, the oligarchs
Concerning stuff!
When will the lethargic, apathetic Russian Slav(e)s/Serfs finally get rid of their last tsar, the megalomaniac, warmonger and war criminal Putin the Terrible! He is an ugly remnant of the Cold War and a former KGB agent. He is a wannabe Stalin. Please Russian people make the world a better, more peaceful place again! How many more young Russian men will be killed or maimed before you act!
"During the war with Ukraine, the number of billionaires in Russia has reached an all-time high. But in the 25 years Vladimir Putin has been in power, Russia's rich and powerful - known as oligarchs - have lost almost all their political influence.
All this is good news for the Russian president. Western sanctions have failed to turn the uber-rich into his opponents, and his carrot-and-stick policies have turned them into silent backers.
Former banking billionaire Oleg Tinkov knows exactly how the sticks work.
The day after he criticised the war as "crazy" in an Instagram post, his executives were contacted by the Kremlin. They were told his Tinkoff Bank, Russia's second-largest at the time, would be nationalised unless all ties to its founder were cut. ...
Within a week, a company linked to Vladimir Potanin - currently Russia's fifth-richest businessman, who supplies nickel for fighter jet engines - announced that it was buying the bank. It was sold for only 3% of its true value, says Tinkov.
In the end, Tinkov lost almost $9bn (£6.5bn) of the fortune he once had, and left Russia. ...
Russia's most powerful oligarch, Boris Berezovsky, claimed to have orchestrated Putin's ascent to presidency in 2000, and years later he appealed for forgiveness for doing so: "I didn't see the future greedy tyrant and usurper in him, the man who would trample freedom and stop Russia's development," he wrote in 2012.
Berezovsky may have exaggerated his role, but Russia's oligarchs were certainly capable of pulling strings at the highest echelons of power.
A little more than a year after his apology, Berezovsky was found dead in mysterious circumstances in exile in the UK. By that time, Russian oligarchy was well and truly dead, too. ..."
Sunday, December 14, 2025
Chinese billionaires are having hundreds of U.S.-born babies via surrogates
What is this about?
"These parents are paying millions to hire women in America’s largely unregulated surrogacy industry. A thriving mini-industry of surrogacy agencies, law firms, clinics, delivery agencies and nanny services are enabling parents to ship genetic material abroad and get a baby delivered back."
The Chinese Billionaires Having Dozens of U.S.-Born Babies Via Surrogate "Videogame executive Xu Bo, said to have more than 100 children, and other elites build mega-families, testing citizenship laws and drawing on nannies, IVF and legal firms set up to help them"
Sunday, December 07, 2025
Sunday, November 02, 2025
152 billionaires have their primary business address in the New York City metro area
How many will be leaving if the socialist Zohran Mamdani becomes the next mayor of NYC?
"Number of billionaires who have their primary business address in the New York City metro area, more than any other city in the world, according to data from Altrata. ..."
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