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.
[via Visual Capitalist]
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.
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 […]
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 […]
The threats to established networks are coming from all directions these days, which means any big company that can’t invest in security isn’t going stay that way long. Know a thing or two about covert code? Looking to put those skills to good use – both ethically and financially? The 2019 Ethical Hacker Master Class […]
Get ghosted by Santa this year? Here’s a tip: Once Christmas is over, it’s ok to do a little materialistic self-care. To that end, here’s one last sleigh ride through Boing Boing’s best deals of 2018. We’ve got everything from pipes to tech to learning bundles, all at an extra discount for the new year. […]
Words on paper. It should be easy, but as any screenwriter can tell you, the road from the first scene to final draft can be a slog – especially if you’re collaborating. Writers need a tool that will work with them, not get in their way. And for a growing number of industry veterans, WriterDuet […]