Piketty argues billionaires are harmful to economic growth and calls for a 90% wealth tax on those worth more than 2 billion euros. Continue reading Bestselling French economist Thomas Piketty releases plan to phase out billionaires
NJ would be the second state, after North Dakota, to create publicly run bank. Gov. Phil Murphy signed executive order creating 14 member panel which must report back within a year. This week, Gov. Phil Murphy signed an executive order aimed at creating the nation’s second public bank. If established. New Jersey would be the second state with such a system, after North Dakota. The … Continue reading New Jersey takes steps to establish a public bank
Stocks went down after Nixon impeachment but up after Clinton’s. Continue reading Experts: No reason to believe impeachment would affect stock market over medium term
The tech mogul’s net worth is estimated at over $96 billion. Gates was also the richest person in the world from 1995 until 2008 when he was surpassed by Amazon CEO Jeff Bezos. Continue reading If Bill Gates gave every person on Earth $10, he would still have $20 billion left over
The data which cover the years 1989 through 2018 reveal a consistent trend of widening wealth inequality. Continue reading Federal Reserve reveals top 10% of US households own 70% of wealth, bottom 50% own only 1%
Jamie Dimon, JP Morgan Chase’s billionaire CEO, is concerned about wealth inequality. Continue reading Billionaire JP Morgan Chase CEO worried about income inequality but chides Sanders and Warren
The government’s top antitrust official warned large technology companies they could be pursued for antitrust law violations. Continue reading Top antitrust enforcer warns Big Tech over “surveillance capitalism”
Microsoft Japan this week released the findings of a pilot 4-day work week program and the results were surprising. The effects of the shortening of the work week were positive across the board. Continue reading Microsoft Japan tried a 4-day work week and it was a big success
