News

To combat the COVID-19 economic downturn, New Jersey Governor Phil Murphy passed a millionaire’s tax. Here’s why he says that’s good for everyone.

Paul Constant is a writer at Civic Ventures, a cofounder of the Seattle Review of Books, and a frequent cohost of the “Pitchfork Economics” podcast with Nick Hanauer and David Goldstein. In this week’s episode of Pitchfork Economics, Goldstein and Hanauer spoke with New Jersey Governor Phil Murphy about his […]
To combat the COVID-19 economic downturn, New Jersey Governor Phil Murphy passed a millionaire’s tax. Here’s why he says that’s good for everyone.
Lifestyle

Her fortune came from Hyatt hotels; his came from the Erie Canal. Now, they want the government to tax their millions to fund coronavirus relief.

Impact investors Liesel Pritzker Simmons and Ian Simmons are leading the charge for a national wealth tax, despite being multimillionaires themselves. Calls for a tax on the 1% are rising as the coronavirus pandemic exacerbates America’s already widening wealth gap. The Simmonses believe such a tax could help fund improvements […]
Her fortune came from Hyatt hotels; his came from the Erie Canal. Now, they want the government to tax their millions to fund coronavirus relief.
Lifestyle

How an econ student built the ‘Rich Kids of Instagram’ account, where the offspring of billionaires have to pay up to $2,000 just to be featured

Popular Instagram account “Rich Kids of Instagram” (RKOI, now “Rich Kids of the Internet”) was founded by 27-year-old James Ison in 2020, wrote The Times’ Jessie Hewitson. Ison posted a picture of billionaire Michael Dell’s son that went viral and teamed up with two anonymous New Yorkers to create RKOI. […]
How an econ student built the ‘Rich Kids of Instagram’ account, where the offspring of billionaires have to pay up to $2,000 just to be featured
Lifestyle

9 millionaires and billionaires with the most bizarre spending habits

Millionaires and billionaires are known for dropping big on yachts, mansions, and cars. But some have more eccentric taste and unique spending habits. Nicolas Cage likes rare artifacts and exotic pets, hedge-fund manager Steve Cohen likes his art weird, and Kanye West wants pretty much all of his stuff to […]
9 millionaires and billionaires with the most bizarre spending habits
Lifestyle

Divorces are climbing among the quarantined New York City elite, who are arguing about politics, parenting, and money now that they’re forced to spend more time together

Quarantine has caused an uptick in divorces among New York City’s elite, according to a high-powered attorney whose clients have an average net worth of $US15 million. She said spending so much time together during quarantine has forced couples to confront what they have been ignoring: an unhappy marriage. Different […]
Divorces are climbing among the quarantined New York City elite, who are arguing about politics, parenting, and money now that they’re forced to spend more time together
Lifestyle

A day in the life of a personal assistant to the ultra-wealthy, who spends her time tracking down the perfect Cartier watch for a client’s wife and planning out a surprise ski trip to the ‘Aspen of Japan’

Jennifer King is a personal assistant working at Insignia, a luxury lifestyle management service for millionaires and billionaires. Insignia was founded in Europe in 1996 and expanded stateside last year. Jennifer is one of the employees in Insignia’s New York City office. As one of several PAs in charge of […]
A day in the life of a personal assistant to the ultra-wealthy, who spends her time tracking down the perfect Cartier watch for a client’s wife and planning out a surprise ski trip to the ‘Aspen of Japan’
News

Elizabeth Warren and Pete Buttigieg attacked each other over ‘wine cave’ fundraisers and taking money from mega-rich donors

Sen. Elizabeth Warren and Mayor Pete Buttigieg went after each other on campaign-finance issues during Thursday night’s Democratic presidential debate in Los Angeles. The Massachusetts senator attacked the mayor of South Bend, Indiana, for raising campaign cash from wealthy donors, in part through private fundraisers. “We made the decision many […]
Elizabeth Warren and Pete Buttigieg attacked each other over ‘wine cave’ fundraisers and taking money from mega-rich donors
Lifestyle

Millionaires are happier than the average person, but it’s not because of how much leisure time they have — it’s because of how they spend it

Millionaires are happier than the typical person, but it’s not because they’re rich, according to Dawn Teh for Forge. It’s because they devote more of their leisure time to active activities, such as exercising, than passive activities, such as watching Netflix, she wrote, citing a new study published in the […]
Millionaires are happier than the average person, but it’s not because of how much leisure time they have — it’s because of how they spend it