The affluent town of Scarsdale just saw its first murder in almost 40 years, and it’s lurid as hell: Police say a wealthy financier killed his pediatrician wife inside their multimillion dollar home not long after filing for divorce.
What makes this year more special than any other? This is the year that the very worst class war rhetoric becomes the reality.
In the past few years, economic inequality has become a mainstream political issue. We often hear politicians speak about “income inequality.” We should be speaking about wealth inequality, instead.
Earth will reportedly have trillionaires soon, as many as 11 of them in the next couple of generations. That would be roughly $140 for each human being on earth. Or enough to pay Atlas to stop shrugging and just flip off the rest of the world's population.
The presidents we celebrate today were very different men. Abraham Lincoln loved to talk and debate and write and read books and be boring. George Washington was quiet and dignified, never wasting words. Abraham Lincoln led the United States into war over slavery. George Washington actually owned slaves. And in…
Total US household wealth has reached $77.3 trillion, a $20 trillion increase in five years. That's about a quarter million dollars for every person in America. But, you know, not.
The gross economic inequality in America gets quite a bit of attention, at least from the non-rich. But when you look at the distribution of wealth in the entire world, the picture gets even more shocking.
Saudi Arabia's Prince Alwaleed bin Talal, whose wealth can only be described as "Saudi Prince levels of wealth," is suing Forbes Magazine for undervaluing his fortune by $9.6 billion.
"The typical household has regained less than half [the wealth lost in the recession]," according to a new analysis by the St. Louis Fed. "That's far below the estimate in a Federal Reserve report in March that calculated that Americans as a whole had regained 91 percent of their losses." Uhhh... yeah.
A 2009 survey showed that the median white family in American had twenty times more wealth than the median black family. How can this be, so many years after the civil rights movement? The answer, according to a new study: black people have been systematically screwed by home ownership.
Let us now, on the eve of this blessed holiday season, take moment to bow our heads and reflect upon the myriad miseries suffered by the group most persecuted by this modern world: the extremely wealthy. Thank god you are not in their very, very expensive shoes.
This story is part of a package on Mitt Romney's Bain holdings. For the full report, go here.
This story is part of a package on Mitt Romney's Bain holdings. For the full report, go here.
This story is part of a package on Mitt Romney's Bain holdings. For the full report, go here.
This story is part of a package on Mitt Romney's Bain holdings. For the full report, go here.
This story is part of a package on Mitt Romney's Bain holdings. For the full report, go here.
In the news today, a rich guy bought himself a whole island. Now everything on the island belongs to the rich man. Fifty miles of beaches? Five hundred homes? The hotels, the stores, and the farms? They all belong to the rich man now.
Rich people across the Western world are anxiously watching France, where president Francois Hollande is vowing to raise the top tax rate—on earnings over $1.2 million a year—to 75 percent. Tres bien, Mr. Hollande. The problem with this otherwise fine idea is that the very rich can simply pack up and move to a more…
On Wednesday, Forbes released its annual list of the 20 top-earning TV actresses. Modern Family's Sofia Vergara came in first. Who knew, right? Good for her.
