“Generation X stands to gain the most from the $84 trillion wealth transfer,” an NBC News headline blared on Tuesday, June 18, 2024. The story (read it here) begins, “Generation X may be the biggest beneficiary from the $84 trillion Great Wealth Transfer in the next 10 years, accor[...]
Posts Tagged ‘Wealth’
July 31st, 2018 - 9:29 am § in Misc.
THE-Ave Challenge: who lives here
A. Donald Trump Junior B. Stephen Colbert C. Bill Gates D. Bernie Sanders E. Jack Ma[...]
June 9th, 2017 - 12:06 am § in Misc.
Zillionaire Toys
“My proceeds from PayPal were $180m. I put $100m in SpaceX, $70m in Tesla and $10m in Solar City. I had to borrow money for rent”. – Elon Musk[...]
May 12th, 2017 - 11:49 am § in The Ave Scene
Who is making a buck of off the Seattle real estate bubble?
Tax data geek-out time: All real estate agents & brokers statewide paid $47.3M in taxes on $3.1B revenue. This includes B&O taxes, the primary business tax that companies pay. This is the tax agents pay on their income from real estate transactions. Seller fees for transaction are not [...]
So Bubbelah .. isn’t Hollywood Run by Jews?
Hollywood’s Corporate Overlords: 8 People Who Pull the Strings Behind the Scenes 1. Prince Alwaleed The 61-year-old Saudi — known as the Arabian Warren Buffett — has his fingers in many pies. He has a 6.6 percent stake in 21st Century Fox (making him the company’s second-biggest shar[...]
April 3rd, 2016 - 2:53 pm § in The Ave Scene
Seattle: The New Wall Street Runs Along Lake Washington
David Brewster The super-rich are definitely getting richer, but they are also changing in composition. And there is a lot of turnover at the top, with less wealth being inherited and more being self-made. The new rich now come more from technology, finance, and mass-retail chains; while energy and [...]
Do you think Larry Ellison might be able to pay a tax on his unproductive wealth?
I have written many times about the wealth tax. A wealth tax designed to tax wealth selectively based on productivity has the extra advantage of increasing the use of capital to stimulate jobs. Put another way … money invested in gold coins, yachts, art, real estate, government bonds or ca[...]
May 22nd, 2014 - 7:47 am § in The Ave Scene
BREAKING NEWS: Anacortes
An 85-foot yacht capsized as it was being launched Sunday. The Skagit Valley Herald reports ( http://bit.ly/1oROPaC ) six people were aboard as Northern Marine Industries launched the yacht. Most of the workers got out easily but one was trapped. Rescuers had to chop out a porthole to pull him free[...]
April 3rd, 2014 - 10:09 am § in Misc.
BREAKING NEWS: A Trillion Dollars Taken from American Economy
US companies’ overseas cash hits $947bn Funds held outside US to avoid domestic tax bills[...]