Andrew here. Happy New Year and happy Saturday. This morning, we’re taking a look at what may — or may not — happen in 2025.
In the first few hours of 2025, over 229 U.S. workers earning over $50 million per year will have likely paid all their ...
The late President Jimmy Carter warned repeatedly that oligarchy was threatening democracy in the United States. He was right ...
Elon Musk may get the headlines, but he's far from the only billionaire who will have newfound power when Donald Trump ...
Donald Trump unleashed a verbal nuke on Joe Biden and his administration over their handling of the U.S. debt ceiling last ...
The U.S. Treasury Department will likely resort to accounting maneuvers sometime in mid-January to stay under the U.S. debt ...
It also appropriates $100 billion in disaster aid for regions hit by the storms and fires of the summer and fall, as well as ...
a first-ever situation that Treasury Secretary Janet Yellen and economic experts have said could be “catastrophic” for the economy and global markets. Raising or suspending the debt limit does ...
A related idea links limitarianism to billionaires’ political influence, suggesting that the super-rich should face a stark choice. Either they should accept a 100% tax on wealth above a certain ...
While global stock markets have been on a pretty good run over the past decade, the billionaires have apparently got them beat. That’s according to the 10th annual “Billionaire Ambitions ...
The trove of tax records behind ProPublica’s “Secret IRS Files” series contains plenty of examples of billionaire financiers who avoided Medicare tax despite earning huge amounts from their ...
So lawmakers created a new type of Medicare tax to capture the kinds of income the rich often enjoy: interest, dividends and capital gains from investments. A host of billionaires — sports team ...