Wealth

A new study from the University of Pennsylvania’s Wharton School finds that Sen. Bernie Sanders’ proposed wealth tax on the richest Americans will generate $1 trillion to $1.5 trillion less than what the campaign claims. The results, if accurate, could undercut the critical funding needed to support his plans to develop public health care, education
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Thomas Trutschel | Photothek | Getty Images The world’s 2,153 billionaires have more wealth between them than a combined 4.6 billion people, new research has claimed. In a study published Monday, international charity Oxfam called on governments to implement policies that may help to reduce wealth inequality. The report comes as delegates gather in Davos,
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Mexico’s Ministry of Tourism announced in 2001 it was developing a program to highlight the most beautiful and culturally-rich towns in the country. With more to offer than just beach resorts, ports of call and salt-rimmed margaritas, Mexico focused on the small towns and villages that best represent regional traditions, history, festivals and food. The
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Lionel Messi and Ousmane Dembele of FC Barcelona during a match against Sevilla on February 23, 2019 Eric Verhoeven | Soccrates | Getty Images Spanish soccer giant FC Barcelona generated a record revenue of $959.3 million between 2018 and 2019, making it the sport’s biggest cash-generating club for the first time ever, according to a
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The Internal Revenue Service headquarters in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Every budget cycle, members of Congress solemnly promise to better fund the Internal Revenue Service so it can do its job of collecting taxes and serving the taxpayer. And once again, Congress has done the opposite. According to an analysis
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Kristalina Georgieva, managing director of the International Monetary Fund (IMF), speaks in Washington, D.C., on Oct. 16, 2019. Andrew Harrer | Bloomberg | Getty Images Governments should consider raising taxes on society’s wealthiest to tackle inequality, according to the head of the International Monetary Fund (IMF). In a blog post on Tuesday, Kristalina Georgieva, managing
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Deep in the valleys forged by the waters of Asia’s Red River, a series of colorful mountain villages are encircled by fields of towering rice terraces. The fields are agricultural feats of precision — rugged mountains blanketed with emerald stairways that, seemingly, ascend to the heavens above. Mu Cang Chai, Vietnam. Ratnakorn Piyasirisorost But this
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