#wealth-distribution
#wealth-distribution
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#wealth-inequality #wealth-tax #billionaires #taxation #economic-inequality #philanthropy #social-security
#tax-reform
Silicon Valley
fromFortune
16 hours agoSam Altman and Vinod Khosla agree: AI will break the economy. Their fix is no income tax for most Americans | Fortune
Vinod Khosla proposed eliminating federal income taxes for those earning under $100,000, aligning with OpenAI's economic reform ideas for the AI age.
Silicon Valley
fromFortune
16 hours agoSam Altman and Vinod Khosla agree: AI will break the economy. Their fix is no income tax for most Americans | Fortune
Vinod Khosla proposed eliminating federal income taxes for those earning under $100,000, aligning with OpenAI's economic reform ideas for the AI age.
Mental health
fromSilicon Canals
7 hours agoTwo generations are currently arguing about work ethic when what they're actually arguing about is whether suffering should be a prerequisite for dignity. One generation believes it is because that was the deal they were offered. The other is trying to renegotiate. - Silicon Canals
Generational differences in work ethic stem from a broken contract between Boomers and Gen Z regarding dignity and economic stability.
fromEntrepreneur
19 hours agoThe Upper Middle Class Used to Be an Exclusive Club. Now Its Membership Is Booming.
Many upper-middle-classers don't even realize they've climbed into this tier. Randy Shilling, a 58-year-old chemical plant worker in Texas, saved more than $3 million for retirement. 'I view myself as an average Joe,' he told The Wall Street Journal. 'But when I want something, I go get it.'
Careers
#philanthropy
Fundraising
fromNonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
1 day agoPhilanthropy's Drag Coefficient: When Process Costs More Than Failure | Nonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
Philanthropy is a financial loss with no return, burdened by excessive processes that consume resources meant for deployment.
Fundraising
fromFortune
2 weeks agoLess than 10 out of 250 billionaires have kept their promise to give away their fortune-and a philanthropy CEO says Elon Musk is right about why | Fortune
Effective philanthropy requires navigating complex geopolitical, social, and logistical challenges beyond simply writing checks, demanding years of strategic planning and accountability.
#wealth-tax
Left-wing politics
fromFortune
4 days agoBernie Sanders calls out Bezos, Musk, Bloomberg and Buffett in billionaire tax push: 'The richest people in America have never ever had it so good' | Fortune
Wealth taxes are proposed to address economic inequality and provide financial relief to working Americans.
SF politics
fromwww.theguardian.com
1 month agoBernie Sanders and Ro Khanna propose bill to impose wealth tax on billionaires
Sanders and Khanna introduced a 5% annual wealth tax on billionaires expected to raise $4.4 trillion over a decade for direct payments, Medicare expansion, and affordable housing.
Psychology
fromSilicon Canals
3 days agoPsychology says people who grew up poor and became successful often can't fully enjoy it - not because they're ungrateful, but because some part of them never stopped waiting for it to disappear - Silicon Canals
Successful individuals often struggle with feelings of scarcity and anxiety about their financial stability, despite their achievements.
#social-security
Retirement
from24/7 Wall St.
4 days agoNew Social Security Proposal Deals Higher Earners a Harsh Blow
Capping Social Security benefits for higher earners is proposed to address funding shortfalls, but its likelihood of passing is low.
Retirement
from24/7 Wall St.
4 days agoHow to Avoid Social Security's Most Hated Trap
Many retirees face taxes on Social Security benefits, which can feel like double taxation due to low income thresholds.
Psychology
fromSilicon Canals
4 days ago9 subtle behaviors that reveal someone grew up in a household where money was discussed in whispers, and why those behaviors persist long after financial security has arrived - Silicon Canals
Financial behaviors are shaped by early experiences and trauma, not just knowledge or information gaps about money.
#wealth-inequality
Philosophy
fromFortune
2 weeks ago1 in 5 Americans thinks it's 'morally wrong' to be a billionaire-Gen Z in particular finds it distasteful | Fortune
While 18% of Americans view extreme wealth as morally wrong, 63% consider it a non-ethical issue, with Gen Z showing the strongest moral objection at 33%.
US politics
fromFast Company
1 month agoState lawmakers have introduced 100+ bills to rein in wealth hoarding
At least 19 states have introduced over 100 bills in the 2026 legislative session to address wealth inequality and rising costs of living through tax policy reforms and wealth redistribution measures.
Philosophy
fromFortune
2 weeks ago1 in 5 Americans thinks it's 'morally wrong' to be a billionaire-Gen Z in particular finds it distasteful | Fortune
While 18% of Americans view extreme wealth as morally wrong, 63% consider it a non-ethical issue, with Gen Z showing the strongest moral objection at 33%.
US politics
fromFast Company
1 month agoState lawmakers have introduced 100+ bills to rein in wealth hoarding
At least 19 states have introduced over 100 bills in the 2026 legislative session to address wealth inequality and rising costs of living through tax policy reforms and wealth redistribution measures.
World politics
fromwww.theguardian.com
2 weeks agoWe can tell you who will really get rich from this oil crisis and how we can stop them | Isabella Weber and Gregor Semieniuk
Strait of Hormuz disruptions from Middle East conflict drive oil prices above $100 per barrel, generating record profits for oil and gas companies while governments struggle with economic fallout.
Washington DC
fromFast Company
2 weeks agoWashington state has no income tax. It just passed one for millionaires that could be a model for other states
Washington state will implement a 9.9% tax on income above $1 million starting January 1, 2028, potentially raising $4 billion annually for education and tax credits.
Right-wing politics
fromFortune
2 weeks agoEconomists agree: You're not crazy for feeling like the rich get richer, and the poor are doing worse. Welcome to the 'K-shaped economy' | Fortune
The K recovery illustrates a growing economic divide where the wealthy prosper while the poor struggle, echoing historical patterns of inequality.
Psychology
fromSilicon Canals
2 weeks agoThe real class divide isn't between rich and poor. It's between people who were taught the world will accommodate them and people who were taught to accommodate the world. Both are right about the world they grew up in. - Silicon Canals
Social fluency stems from early life experiences, not wealth, shaping expectations of how the world responds to individuals.
Left-wing politics
fromwww.theguardian.com
3 weeks agoAmerica needs a movement to curb billionaires' power | Steven Greenhouse
Over 900 US billionaires wield excessive influence over elections, economy, government policies, and media, threatening democracy and economic fairness, requiring urgent grassroots action to curb their power.
fromApaonline
3 weeks agoGood Work and Economic Democracy
Within the workplace, the content and conditions of work are largely controlled by employers who often have an interest in degrading the quality of work, both to increase productivity and to increase their control over employees in the workplace. Outside the workplace, employers have both an incentive and the power to undermine measures that would improve the quality of work through the political process.
Philosophy
US politics
fromFortune
3 weeks agoSocial Security has kept wealth inequality in check for decades. Trump's policies could deplete it in 6 years | Fortune
Social Security's $40 trillion buffer has moderated wealth inequality for decades, but accelerating fiscal policies threaten its insolvency by 2032, potentially widening the wealth gap to Gilded Age levels.
Left-wing politics
fromenglish.elpais.com
3 weeks agoWhat can the left do against technocapitalism?
Technofeudalism has intensified neoliberal policies, threatening job precarity through platforms and AI while tech oligarchs support authoritarian movements, requiring democratic reform, worker protection, and technological sovereignty.
Fundraising
fromTechCrunch
3 weeks agoThe billionaires made a promise -- now some want out | TechCrunch
The Giving Pledge, launched by Buffett and Gates in 2010 to encourage billionaire philanthropy, has dramatically declined in participation and effectiveness despite massive wealth concentration globally.
Silicon Valley
fromSilicon Canals
1 month agoThe reason you feel like you're falling behind isn't burnout - it's a class architecture designed to make upward mobility feel possible while making it structurally impossible - Silicon Canals
Persistent feelings of inadequacy stem from societal narratives about mobility that promise success through individual effort while maintaining structural barriers that prevent actual advancement.
Mindfulness
fromSilicon Canals
2 months ago7 things working-class people do with money that wealthy people secretly wish they'd learned - Silicon Canals
Working-class people track every penny, find joy without spending, prioritize essentials, avoid lifestyle inflation, and build financial resilience through discipline and resourcefulness.
fromwww.independent.co.uk
2 months agoOxfam warns of dangerous inequality' as billionaire wealth jumps to highest peak
Billionaire wealth jumped three times faster in 2025 than in the previous five years to its highest peak ever, new figures have has shown, sparking warnings of dangerous political inequality. Figures published by the charity Oxfam show that in the UK, the richest 56 people now hold more wealth than 27 million combined. Calling on the government to impose a wealth tax,
UK news
Relationships
fromBusiness Insider
2 months agoI'm wealthy thanks to an inheritance and good investments. My friends aren't, and it's straining our friendship - what do I do?
Remain empathetic, set firm boundaries, decline loan requests, and offer nonfinancial support while protecting personal finances and preserving relationships.
fromFortune
1 month agoWelcome to the 'E-shaped' economy: Wealth gap is no longer between just higher and lower earners, the middle class is also struggling out on its own | Fortune
income‑based divergence in spending and wage growth persists, and we are concerned that a 'K' shape is opening up between higher-income households and middle-income households, alongside the existing gap with lower-income households.
Business
World news
fromwww.theguardian.com
2 months agoIn Davos, the rich talk about global threats'. Here's why they're silent about the biggest of them all | Ingrid Robeyns
Neoliberal capitalism concentrates wealth through privatization, weakened labor power, and tax cuts for the rich, eroding democracies and driving many global risks.
Miscellaneous
fromFortune
2 months agoSweden abolished its wealth tax 20 years ago. Then it became a 'paradise for the super-rich' | Fortune
Sweden has shifted from an egalitarian welfare model to increasing wealth concentration, rising inequality, and a more two-tier society dominated by billionaires and unicorn startups.
fromNonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
2 months agoBlue-State Pensions Are Subsidizing the Billionaire Takeover: This Must Stop! | Nonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
The truth about this money: It is invested with some of the worst actors engineering the current takeover. That includes private equity firms, venture capitalists, and asset managers-the most powerful corporations in the world and the billionaires that run them. Many of these people are actively supporting the Trump administration; most are doing little to nothing to oppose it. And all oversee millions, if not billions, of dollars in worker and community capital.
US politics
UK politics
fromwww.theguardian.com
2 months agoOn 100k and feeling hard-done-by? It seems absurd but a cold truth lies beneath | Jason Okundaye
High-earning urban professionals face tax, childcare, and student-loan thresholds that reduce net gains from higher pay, discouraging promotions and extra work, particularly in London.
fromBusiness Insider
2 months agoI'm a millionaire living in California. I'm happy to pay higher taxes since I have more wealth - it just makes sense.
I never thought I'd live in California. I grew up in Colorado, went to college in Boston, and lived in Texas. I came out here for business school because I wanted to be at Stanford, and because you could play golf during the winter. Now I love it here. It has nothing to do with taxes; taxes have never been anywhere on our list of criteria for deciding where to live. I want to live where my family is and love the weather, the jobs,
US politics
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