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Incomes are either rising too slowly or falling at the lower end of the bracket
India’s gross domestic product (GDP) has been growing at a much faster clip than expected — most go…
Welcome to the age of geriatric millionaires
Millionaires have been getting older, and holding onto their wealth for longer. It's creating a Kin…
Juliana Kaplan
The big lie about sleep
When it comes to slumber, what matters most is how rich you are.
Jeremy Ney
A 43-page IMF report on AI warns of 'profound concerns' about massive labor disruptions and inequality. We asked GPT-4 to summarize it.
GPT-4 concluded the report finds AI presents "significant risks" and recommended policymakers remai…
Dominick Reuter
Arizona is a cautionary tale for school vouchers as a wave of states are giving parents cash to send their kids to private school
A new Brookings report found Arizona's universal education savings accounts are primarily going to …
Ayelet Sheffey
Meet the millennials who made all the right money moves in the pandemic economy and are suddenly wealthy
Millennials' average wealth doubled in the last four years, leaving some surprised to realize that …
Juliana Kaplan
The IRS gave us a window into how much tech titans have dodged in taxes
The IRS says Microsoft owes nearly $29 billion in back taxes. It might signal a widespread practice.
Juliana Kaplan
Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty
India is on track to become the world's third-largest economy by 2027, but Narendra Modi faces a pi…
Theron Mohamed
26 billionaires, including Elon Musk and Jeff Bezos, paid just a fraction of the taxes the average American owes
A new analysis finds that Elon Musk had an average tax rate of just 2.1% on his wealth growth from …
Juliana Kaplan,Madison Hoff
Biden's billionaires tax is 'better than nothing,' says leading wealth inequality researcher Thomas Piketty
Economist Thomas Piketty wrote the book on inequality. He told the New York Times things are changi…
Juliana Kaplan
Warren Buffett once told Barack Obama the wealthy should pay more tax — and that his wealth is partly down to luck
Warren Buffett complained he shouldn't pay a lower tax rate than his secretary, called out wealth i…
Theron Mohamed
Billionaires saw their wealth grow by 62% during the pandemic, while workers' wages grew by 10%
Around the country, millions of Americans are scrambling to get their taxes together. Many will pay…
Juliana Kaplan,Madison Hoff
A 2% global tax on all billionaires could raise $250 billion annually, a research report backed by a Nobel Prize-winning economist says
The EU Tax Observatory estimated that a 2% global minimum tax would raise close to $250 billion ann…
Grace Dean
Here's where funding comes from for guaranteed basic-income programs giving money with no strings attached to low-income Americans
Basic income programs in San Antonio, Austin, Denver, and Atlanta draw funding from federal relief,…
Allie Kelly,Noah Sheidlower
The Jamie Dimon manifesto
It's a policy proposal fit for a presidential run.
Juliana Kaplan
A wealth tax on America's billionaires could cover the child tax credit extension — and the entire defense budget
A report finds that taxing people with over $5 million could bring in $928.39 billion a year. A one…
Juliana Kaplan,Madison Hoff
Angus Deaton won a Nobel Prize in economics. Now he says he got it wrong on globalization.
Angus Deaton has been an economist for over fifty years. He's still rethinking his views.
Juliana Kaplan
Heiress Abigail Disney says 'billionaires are miserable, unhappy people,' and it's time for change: 'The billionaire bashing needs to happen. I don't know why we're being so polite.'
"My part of the American Dream is to step up and pay my fair share," the filmmaker and wealth tax a…
Juliana Kaplan
A huge study of 20 years of global wealth demolishes the myth of 'trickle-down' and shows the rich are taking most of the gains for themselves
The bottom 50% of the world holds 2% of wealth, while the top 10% holds 76%, according to a huge da…
Juliana Kaplan,Andy Kiersz
Progressive Democrats are proposing a new tax they say will help 'close the exorbitant wealth gap'
Pressure group the Patriotic Millionaires helped devise legislation called the Oligarch Act that wo…