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As the super rich grow even richer, inequality expert Chuck Collins says the system is broken – but it can be fixedTo many Americans, the economy of the past five years has been rough. Prices have soared yet pay remains stagnant. High mortgage rates ha…
The wealthiest New Yorkers are desperately to rally support – and millions of dollars – for Andrew Cuomo to defeat the democratic socialistZohran Mamdani has had to overcome a lot during his campaign to be New York City’s next mayor.His age, relative l…
LVMH owner Bernard Arnault, who could take €1bn hit, says proposed 2% levy ‘aims to destroy liberal economy’Europe’s richest man, the luxury goods magnate Bernard Arnault, has said that a wealth tax that could cost him more than €1bn (£817m) would be d…
Swiss bank account data to be disclosed to island’s chief legal adviser who is looking at source of former Chelsea FC owner’s Sibneft billionsThe former Chelsea football club owner Roman Abramovich is the subject of a criminal investigation by the Jers…
CEO will have to increase the value of his electric car company from just over $1tn to $8.5tn over 10 yearsBusiness live – latest updatesElon Musk could become the world’s first trillionaire if he hits targets set by Tesla, under a scheme disclosed by …
Former chancellor who devised disastrous 2022 mini-budget hired for Nomad Capitalist’s conferenceKwasi Kwarteng, the former chancellor dismissed after 38 days following his disastrous 2022 mini-budget for Liz Truss, has been hired as a keynote speaker …
Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’What is a wealth tax and would it work in the UK?A growing number of climate groups are campaigning for the introduction of a wealth tax to ensur…
It would be popular and could raise big money, but some fear it would be costly to administer and drive the rich awayClimate groups call for UK wealth tax to make super-rich fund sustainable economyA wealth tax is an annual levy on an individual’s tota…
Some in the lagoon city are furious, others delighted, as celebrities descend for billionaire’s sort-of nuptialsThe Black Death. Byron on the prowl. Rising water levels. Cruise ships the size of city blocks. Venice may have endured many tumultuous even…
Real-terms gains of $33.9tn for world’s richest 1% ‘enough to end annual global poverty 22 times over’, charity saysThe wealth of the world’s 3,000 billionaires has surged by $6.5tn (£4.8tn) in real terms over the past decade, according to Oxfam, equiv…