Billionaires may claim huge tax deductions for moving money into foundations or donor-advised funds with little to no guarantee that money will ever make it to working charities.
Thanks to tax havens and tax loopholes, Russian oligarchs and other multi-millionaires and billionaires have succeeded in hiding massive amounts of wealth in the U.S.
A new generation of wealth advisors helps wealthy people give away their money instead of hoard it.
The classic teen drama returns. This time, with class consciousness.
We most certainly can. We have history on our side.
Together 50 families hold about half of the wealth of the bottom half of all U.S.households, an estimated 65 million families, and their wealth grew at ten times the rate of ordinary families during the last 40 years.
How America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality
Together 50 families hold about half of the wealth of the bottom half of all U.S.households, an estimated 65 million families, and their wealth grew at ten times the rate of ordinary families during the last 40 years.
The implosion of Archegos is an early warning sign about the next generation of unaccountable capital and exotic, risky financial instruments hidden inside ‘family offices.’
Wealthy workers moving into central, walkable neighborhoods has long caused gentrification, but global capital is exacerbating the situation.
With the collapse of Archegos Capital, family offices — a main tool of the wealth defense industry — are in the headlines.
A reformed estate tax could reduce extreme wealth inequality and end tax breaks for dynasty trusts and other loopholes exploited by the rich.
How billionaires pay millions to hide trillions.
Our biggest tax evaders have been living high on the hog. They may soon have cause to worry.