The New York Times reported last week about the major influence billionaires in the U.S. have in elections, and said in 2024 alone, 300 billionaires and their immediate family members doled out more than $3 billion on elections, which accounts for 19 percent of all donations.
A newly released report by Oxfam found that the top 10 richest people in the U.S. saw their combined net worth increase by $698 billion in the past year, highlighting the widening gap between the country’s richest and everyone else.
The percentage of Americans who have confidence in the news they consume from the mainstream news has hit an all-time low, with just 28 percent of the population saying that they have a “great deal” or “fair amount” of trust in these outlets to deliver the news fairly and accurately, according to a newly released poll by Gallup.
Thanks largely to the years-long tech boom and roaring stock market, the U.S. now has more than a third of the world’s millionaires and billionaires, according to a new report by Henley & Partners and New World Wealth, a South African research firm tracking the world’s financial riches.
Life’s good if you’re a card-carrying member of The Club.
The world’s richest are richer than ever and the “aristocratic oligarchy” around the world is consolidating power while their collective wealth skyrockets, according to an annual report by Oxfam.
They always say that making the first billion is the hardest.
Oxfam released a report last week that showed the wealth disparity around the world and how the Bigs own everything.
Major asset management firms routinely structure their profits in a way that has helped their executives skirt more than $1 trillion in taxes since 2000, a study from Oxford University has found.