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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This 3D printer for kids can help them invent and build their own toys
With the quick-fix appeal of video games and their own cell phones, it can be tough to keep kids focused on supposedly “educational” toys. And while it may seem counter-intuitive to fight tech with more tech, we’re all in when it comes to the Toybox 3D Printer. We’re not sure if anyone had envisioned a […]
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Save almost 50% off this affordable alternative to Photoshop and Lightroom
Whether you’re an artist, designer or just organizing a photo album, photo editing software is a must. And software designers know it: Platforms like Photoshop and Lightroom have a ton of helpful features, but you’ll pay for them in spades. Luckily, there’s some competition in the photo editing arena. Right now, Skylum’s Luminar software is […]
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10 deals too good to miss out on from TVs to CBD gummies
Who needs a holiday sale? Sometimes there’s no better time than the thick of summer to find deals. We should know – we’ve found ten deep discounts on some must-have items. Whether you’re searching for CBD edibles, exercise gear, chargers or other tech, take a look. But don’t look long – these prices aren’t likely […]
