Mastodawn

Jun 30, 2025

#Billionaires’ #wealth surged $6.5tn over past decade
"the richest 1% of te global population has gained at least $33.9tn in real terms, which #Oxfam said was “enough to end annual global #poverty 22 times over”.. #privatewealth growing 8 times faster than te net wealth of #governments btw 1995 & 2023.. A survey by Oxfam found tt 86% of people supported paying for #public #services by “closing loopholes” tt allow wealthy indivs & large corps to use #taxhavens" #inequality
https://www.theguardian.com/news/2025/jun/26/billionaires-wealth-oxfam-report

Billionaires’ wealth surged $6.5tn over past decade, Oxfam reports

Real-terms gains of $33.9tn for world’s richest 1% ‘enough to end annual global poverty 22 times over’, charity says

The Guardian

रञ्जित (Ranjit Mathew)Sep 1, 2024

A detailed #explainer & #FAQ by “taxinomics” of the #BuyBorrowDie strategy used by the wealthy for #TaxAvoidance 🤯:

https://old.reddit.com/r/BuyBorrowDieExplained/comments/1f26rsf/buy_borrow_die_explained/

Via HN: https://news.ycombinator.com/item?id=41408772

#Tax #Wealth #IncomeTax #EstateTax #PrivateWealth #Inheritance #USA

SubtleBlade ⚔️Jan 24, 2024

'#Inequality and the super-#rich: the status quo is unsustainable

Growing #PrivateWealth, combined with #PublicAusterity, is undermining the health of western democracies
https://www.theguardian.com/commentisfree/2024/jan/23/the-guardian-view-on-inequality-and-the-super-rich-the-status-quo-is-unsustainable

The Guardian view on inequality and the super-rich: the status quo is unsustainable

Editorial: Growing private wealth, combined with public austerity, is undermining the health of western democracies

The Guardian

AutisticMumTo3 Jan 28, 2023

The stench coming from this government? It’s the corrupt mixture of private wealth and public squalor | Jonathan Freedland | The Guardian
#Tories
#ToryCorruption
#PrivateWealth
#PublicSqualor
#GildedRealm
#PublicServicesBroken

Johnson, Sunak, Sharp and Zahawi operate in a gilded realm, while the services that keep Britain running are hobbled and broken, says the Guardian columnist Jonathan Freedland

https://www.theguardian.com/commentisfree/2023/jan/27/private-affluence-public-squalor-boris-johnson-rishi-sunak-nadhim-zahawi-richard-sharp

The stench coming from this government? It’s the corrupt mixture of private wealth and public squalor

Johnson, Sunak, Sharp and Zahawi operate in a gilded realm, while the services that keep Britain running are hobbled and broken, says the Guardian columnist Jonathan Freedland

The Guardian

रञ्जित (Ranjit Mathew)Apr 5, 2021

On #BillHwang and the recent collapse of #ArchegosCapitalManagement when the #stock for #ViacomCBS fell:

“He Built A $10 Billion Investment Firm. It Fell Apart In Days.”, The New York Times (https://www.nytimes.com/2021/04/03/business/bill-hwang-archegos.html).

#Finance #Leverage #PrivateWealth #MarginCall