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Calls for higher taxes on the highest income and wealth groups were a major part of President Joe Biden's 2020 presidential campaign. The administration's interest in raising taxes on the wealthy, including the recently proposed Billionaire Minimum Income Tax Act that would require America's wealthiest households to pay at least 20% of their total income, has continued since President Biden took office. But at the end of the day, the $430 billion anti-inflation law that passed the Senate, passed the House, and was on its way to being signed into law by the president would directly change tax rates for…
Justin Sullivan There is perhaps no better known company in the sporting goods retail industry. dicks sporting goods (New York Stock Exchange:DKS). It has a large retail footprint, including 858 stores as of this writing, and a rapidly growing e-commerce presence. This retailer is a big name in the field of sporting goods. Although it faces stiff competition from other players in the space, including online, the company has done incredibly well in recent years to grow both sales and earnings. Growth from 2020 to date has been particularly strong. But recent performance suggests a return to normalcy may be…
Sign up for Xochitl Gonzalez’s newsletter, Brooklyn, Everywhere, here.This article was featured in One Story to Read Today, a newsletter in which our editors recommend a single must-read from The Atlantic, Monday through Friday. Sign up for it here. New York in the summer is a noisy place, especially if you don’t have money. The rich run off to the Hamptons or Maine. The bourgeoisie are safely shielded by the hum of their central air, their petite cousins by the roar of their window units. But for the broke—the have-littles and have-nots—summer means an open window, through which the…
So far it's been very predictable and impressive. But when you talk to Votta, it becomes clear that he is neither your typical letting agent nor the typical person you often see at the helm of an industry association. He spoke openly about his past personal struggles. He underwent six months of treatment with weekly cognitive behavioral therapy sessions after depression, which he realized was post-traumatic stress disorder from an incident several years earlier. And he admitted he regrets not being more sympathetic in the past to his friend, who he now understands was a mental health…
Ani | Has been updated: July 7, 2022 13:24 IST New Delhi [India]July 7 (ANI/PNN): Techmagnate, an award-winning digital marketing agency based in New Delhi, has released the fourth edition of its Digital Report Card.The report reveals a staggering 103% average increase in traffic across all customers and an average 186% increase in leads in 2021.The Digital Report is a self-assessment of digital agencies' performance by openly and transparently sharing the actual results achieved on client campaigns.Commenting on the release of the report card, Sarvesh Bagla, Founder and CEO of Techmagnate, said, “By analyzing our performance, we have been able…
George Kaiser.Washington Post (via Getty Images) Oklahoma great said forbes He talked about how he is protecting his investments ahead of what is “almost certainly” a recession. With the S&P 500 index entering a bear market last week, many U.S. billionaires are convinced that a recession is near. One of them is George Kaiser, one of Oklahoma's richest men, with an estimated fortune of $9.5 billion. Kaiser, 79, said. forbes “A recession seems almost certain,” he said, predicting an economic downturn in the first two quarters of 2023 and an extended stock market decline. Kaiser said the market is still…
Austin Thach, CEO and founder of PR firm The Forefront GroupForefront Group Black and Asian solidarity dates back to Frederick Douglass' 1869 speech on a composite nation, in which he advocated for Chinese and Japanese immigration. Even the election of Vice President Kamala Harris, who is proudly mixed South Asian and black, has highlighted how, despite their cultural differences, both communities are dealing with despair in very similar ways. A surge in anti-Asian violence over the past year has spurred a range of programs aimed at promoting racial harmony as communities of color are pitted against one another. Representation is…
Lawyers for Ghislaine Maxwell will announce her sentencing later this month on behalf of her ex-boyfriend and employer, the late billionaire sex offender Jeffrey Epstein, in Manhattan federal court on charges of trafficking girls. filed a slew of court documents asking for leniency, but the name of the other person has also been revealed. The topic of billionaire Gateway Computer co-founder Ted Waite, the billionaire's ex-boyfriend, kept coming up.As part of her bid for a lighter sentence, Maxwell had hoped to form a “loving bond” with Waite's young children and become a stepmother to them before the Epstein scandal disrupted…
Mary Rich, shown with her husband, Joel, at their home in Omaha, Neb., says self-promoters they trusted to help solve the killing of their son took advantage of them. “You’re a total sucker,” Mary Rich says. “I think every day: Who’s going to bug us? What’s coming at us? I will always think that.” Walker Pickering for NPR hide caption toggle caption Walker Pickering for NPR Mary Rich, shown with her husband, Joel, at their home in Omaha, Neb., says self-promoters they trusted to help solve the killing of their son took advantage of them. “You’re a total sucker,” Mary…
Study after study reveals that the wealthy are driving climate change and environmental destruction. In 2015, Oxfam published a report called “Extreme Carbon Inequality,” which found that the top 10% of people in the world are responsible for 50% of emissions, while the bottom 50% account for just 10%. That same year, economists Thomas Piketty and Lucas Chancel analyzed the data and revealed an equally grim figure: “The top 10% of emitters are responsible for 45% of global emissions.” More recently, a wide-ranging scientific review argued that “the consumption of wealthy households around the world is the overwhelming determinant and…