AllSides Balanced Search reveals information and ideas from all sides of the political spectrum so you can get the full picture.
Dec 06 2023
News
Supreme Court looks like it will punt on a wealth tax while upholding levy on foreign income
The Supreme Court on Tuesday seemed inclined to uphold a tax on foreign income while leaving questions about a broader, never-enacted tax on wealth for another day. On the first issue, conservative and liberal justices voiced concerns that ruling for a Washington state couple challenging a provision of the 2017 tax bill would threaten other provisions of the tax code. After two hours of
FortuneDec 06 2023
News
Wealth Of Indonesia’s 50 Richest On Forbes List Rises 40% To Record US$252 Billion
SINGAPORE (December 7, 2023) – Despite slowing exports and a dip in the benchmark stock index, the collective net worth of tycoons on the 2023 Forbes list of Indonesia’s 50 Richest rose 40% to a record US$252 billion, up from $180 billion a year ago. The complete list is available here as well as in the December issue of Forbes Asia. The record rise was fueled by a raft of IPOs, notably of
ForbesAug 31 2022
Opinion
Biden's Transfer of Wealth to the Wealthier
President Joe Biden acted as if he was being compassionate to people suffering economic hardships when he announced last week his plan for forgiving billions of dollars in student loans.
"Using the authority Congress granted the Department of Education, we will forgive $10,000 in outstanding federal student loans," he said.
"In addition, students who come from low-income families
CNSNews.comAug 21 2014
News
5 disturbing stats on black-white inequality
A typical black household has accumulated less than one-tenth of the wealth of a typical white one. And it's only getting worse. Over the past 25 years, the wealth gap between blacks and whites has nearly tripled, according to research by Brandeis University.
CNN (Online News)Aug 12 2020
Data
Income, Wealth and Poverty
What You’ll Find Comprehensive and meticulously documented facts about income, wealth, and poverty. Learn about the measures, sources, correlates, and trends of economic wellbeing in the U.S. and across the world. For example:
• Middle-Income Trends • Gender Wage Gap • International Comparisons • Productivity & Wages • Low-Income Living Standards • Measuring Poverty • Minimum Wage
Just FactsOct 24 2019
Opinion
Democratic Wealth Tax Proposals Demonstrate Economic Ignorance
Bashing the rich may be good politics, but it’s terrible economics.
It's open season on wealth and those who create it. Candidates for the Democratic presidential nomination like Sen. Bernie Sanders (I–Vt.), for instance, say that "Billionaires should not exist" and the wealth disparity in America is "a moral and economic outrage." California businessman Tom Steyer—who happens to be a
ReasonFeb 11 2020
Background
Should We Implement a Wealth Tax?
WHY IT MATTERS: According to the Federal Reserve, income and wealth inequality in the United States is on the rise. This fact has been highlighted by several 2020 presidential candidates, who believe that wealth is too highly concentrated at the top. One proposal to redistribute wealth from the top earners is a wealth tax (there are currently several versions of this tax being suggested).
The ThreadOct 02 2023
News
New York Trial Accusing Trump of Lying About His Wealth Opens
(NEW YORK) — The fraud lawsuit that could cost former President Donald Trump control of some of his most prized properties went to trial Monday, with New York state lawyers vowing to hold him accountable while he denounced the case as a politically motivated “scam.” The civil case, brought by New York Attorney General Letitia James, accuses the business-mogul-turned-politician and his company
Time MagazineAug 31 2023
News
UBS Global Wealth Unit Reels In Record Net New Money
UBS said its Global Wealth Management unit brought in $16 billion in net new money, marking its highest second-quarter haul in more than a decade.
The Swiss bank also posted Thursday a record $29 billion profit for the second quarter alongside fresh details about its acquisition of longtime rival Credit Suisse. UBS continues to operate Credit Suisse as a separate entity and its results
Barron'sMay 03 2015
Opinion
‘Inequality Is a Choice’
THE eruptions in Baltimore have been tied, in complex ways, to frustrations at American inequality, and a new measure of the economic gaps arrived earlier this year:
It turns out that the Wall Street bonus pool in 2014 was roughly twice the total annual earnings of all Americans working full time at the federal minimum wage.
You read that right: Just the annual bonuses for just
New York Times (News)