Wealthy Americans Oppose Trump's Tax Plan Over Concerns of Inequality
#TaxReform #WealthInequality300 wealthy Americans, including Disney and Rockefeller family members, urge Democrats to reject tax breaks benefiting them. They argue it would harm social programs, economy, and families. Letter organized by Responsible Wealth Project and others opposes Trump's tax plan. read more
"US Struggles with Well-Being Despite Strong Economy, Report Reveals"
#USpolitics #WealthInequalityA new report card on American well-being shows the U.S. as "wealthy but unhappy," excelling mainly in the economy. The report highlights declining life satisfaction, mental health issues, and income inequality, with the U.S. ranking poorly compared to other high-income countries. read more
Inheritances shaping future finances: Impact on retirement and homeownership
#Inheritance #WealthInequalityInheritances will play a significant role in future financial stability, leading to wealth gaps between generations. Millennials may have to wait until age 61 to inherit, impacting their retirement and housing prospects significantly. read more
#Centibillionaires #WealthInequality
The super-rich are mainly American centibillionaires with finance and tech interests from wealthy families. Forbes lists reveal $14.2tn combined wealth. Tech, fashion, and property are lucrative avenues for wealth generation. Transparency on wealth calculation and gender disparity are notable. Serious redistribution efforts are needed to address the widening wealth gap. read more