A graph from Credit Suisse/Forbes reveals that 0.7% of people on the planet own 46% of the world's wealth. That tiny percentage controls $128.7 trillion and they've done a good job convincing the 70% who own less than $10,000 that rich people deserve tax cuts.
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6:45 am Fri
Jan 4, 2019
Less than 1% of the world's population owns almost 50% of the world's wealth
The super-rich are hedging their bets by getting multiple passports
When things start getting crazy globally, rich people start looking for backup plans. Bloomberg looks at the uptick in people with enough wealth to secure a second passport, or even multiple passports.
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Latest Federal Reserve figures show widening wealth inequality, and it's much worse if you're not white
The Federal Reserve’s just-published 2016 Survey of Consumer Finances reveals that income inequality is rising in the USA, with the top decile now controlling 77.1% of the nation’s wealth; wealth that is increasingly retained through intergenerational bonds, meaning that wealth is apportioned by accident of birth rather than merit; and (unsurprisingly, given the foregoing), the […]
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7 years later, Sun Microsystems cofounder Vinod Khosla loses bid to privatize public beach
For 5 years, we’ve been tracking the tribulations of billionaire Silicon Valley VC Vinod Khosla, a co-founder of Sun Microsystems who, in 2010, bought land adjacent to a public beach in Half-Moon Bay, south of San Francisco, and then fenced off the beach and hired private security guards to chase swimmers and sunbathers off the […]
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Grow your skills before the year ends with these eBook collections
Need a boost on that resume? Get a valuable tech education on your own time with these eBook bundles. They contain guides from Packt Publishing that cover everything from game development to machine learning. The Complete Mobile App Developer eBook Bundle It’s a veritable gold rush in the App Store these days. Get in on […]
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This hi-tech turntable brings your vinyl into the modern age
Vinyl is officially back. People are hearing the proof behind the initial “retro” excitement: that records really do have a richer sound. And if you haven’t switched to old-school records for serious listening, it’s a new golden age. Why? Because quality turntables like the Altec Lansing ALT-500 are finally available to a market other than […]
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Save water (and money) with this smart home monitor
Between all of our apps, streaming devices, Bluetooth speakers, and energy-sucking decorations, paying for utilities each month can be…brutal. In fact, the average household spends roughly $70 a month on the water bill alone. That number might not seem terribly significant, but when you add it up, that’s $840 a year — a pretty significant […]
