October 28, 2012 Tags: BUDGET deficitsMESSAGESUNITED States -- Politics & government -- 2009-, MIDDLE class, PRESIDENTS -- United States, REPUBLICANS, RICH people, TAXATION
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In this article the author discusses U.S. President Barack Obama’s fiscal policy for 2013. The author says that because of pressure from his base, Obama raised taxes on the rich; and extended several programs to help the needy by providing unemployment insurance and earned income tax credit. According to the author, rich people have got a huge break on the estate tax, and the wealthiest Americans after their deaths will now be able to give their heirs 5 million dollars tax free.
Read MoreOctober 27, 2012 Tags: FISCAL policy, RICH people, TAX credits, TAXATION, UNEMPLOYMENT insurance
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The author discusses what he considers to be hypocritical actions by wealthy U.S. Republicans such as the billionaire businessman Joe Ricketts, former baseball pitcher Curt Schilling, and Republican presidential candidate Mitt Romney, who claim to want to reduce government spending, but accept government bailouts for their businesses. Topics include Ricketts’s management of the Chicago Cubs, Schilling’s unsuccessful 38 Studios, and the bankruptcy of GST Steel under Romney’s management.
Read MoreJune 10, 2012 Tags: BAILOUTS (Finance), GOVERNMENT spending policyPOLITICAL activity, REPUBLICANS, RICH people
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The article discusses the reality television show “Shahs of Sunset,” which focuses on wealthy Iranian Americans who live in Beverly Hills, California. Topics include the reaction of the Persian community in the U.S., cultural stereotypes presented by the reality show, and comments by individuals of Persian descent, including Gina Nahai, a professor at the University of Southern California, blogger Orly Minazad, and Nobar Elmi of the National Iranian American Council.
Read MoreJune 10, 2012 Tags: IRANIAN Americans, REALITY television programs, RICH people, STEREOTYPES (Social psychology) on television
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The article focuses on public opinion polls for the 2012 French Presidential elections which suggested French President Nicolas Sarkozy was ahead of Socialist candidate François Hollande in the first round of elections. It states that Sarkozy has made an appeal to far-right voters by threatening to pull France out of Euroe’s passport-free Schengen agreement over immigration concerns. It mentions that France’s Socialist party proposed a 75 percent supertax on the rich.
Read MoreMarch 17, 2012 Tags: ELECTIONS, PRESIDENTS, PUBLIC opinion polls, RICH people, TAXATION
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The article discusses the Republic Party in the U.S. in 2011 and how they abandoned the poor and middle class voters that supported them by passing legislation benefiting the wealthiest Americans. Information is provided on why the party moved away from fiscal discipline in favor of tax cuts for the wealthy, how Republic-backed legislation has increased economic inequality in the U.S. between 1997 and 2011, and how Republicans in Congress contributed to the U.S.’s lowered credit rating. INSETS: The Enablers;The Billionaires’ Best Friend.
Read MoreNovember 24, 2011 Tags: CREDIT ratings -- United States, INCOME distribution, RICH people, TAXATION, TAXATION -- United States
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The article examines a trend among rich people in which emigration to Canada has become a means of tax avoidance. It is noted that taxation rates in Canada that most apply to rich people are lower than those in many other developed countries, while Canada also has a much higher level of political stability than many developing countries, attracting rich people from those countries. Canada’s lack of either an estate tax or gift taxes is discussed.
Read MoreThe article focuses on the initiative launched by the Canada Revenue Agency (CRA) to determine whether the country’s rich people have become corrupted. It notes that the initiative is intended for those with assets of more than 50 million dollars. Insights from professor Neil Brooks on CRA’s scrutiny of high-net-worth individuals (HNWI). It refers to the establishment of the High Wealth Individuals Taskforce in Australia which was able to collect 2.1 billion dollars in revenue.
Read MoreApril 25, 2011 Tags: CORRUPTION, REVENUE, RICH people
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The author offers opinions on mass media finance, especially as it relates to journalism. Noting the advanced age of many of the rich people who own large media properties such as periodicals and newspapers, it is questioned who will succeed those persons as owners. The current owners are said to be willing to suffer business losses for the influence and social position afforded by the media they own. Such influence is seen as declining, making the future of those businesses problematic.
Read MoreFebruary 8, 2010 Tags: FINANCE, JOURNALISM, MASS media industry, MASS media influence, NEWSPAPER publishing, RICH people
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The article discusses the author’s experience of talking to wealthy people about the secrets of financial success. Excerpts from the conversations the author had with various people are included. Lessons such as “make your own luck” and “have a growth mind-set” are offered and examined. Financial success, risk, luck, and other topics are explored. INSET: Road Rules.
Read MoreSeptember 1, 2006 Tags: ECONOMIC elites, FINANCIAL planning, PERSONAL finance, RICH people, UPPER class, WEALTH management services
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