Wealth

The wealth tax proposed by Sen. Elizabeth Warren has sparked a fierce — and increasingly personal — debate between the party’s traditional academic elite and the darlings of the new left. Lawrence Summers, the former Treasury Secretary and longtime economic guru of the Democratic party, published an op-ed in the Washington Post in April saying
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It’s really hard to put a dollar value on the data that anyone delivers internet platforms. What’s the value of a tweet? A Facebook profile that tells you the birthday your closest relatives? Democratic Sen. Mark Warner and Republican Sen. Josh Hawley want to require big tech companies to report the value of our data,
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Hero Images | Getty Images Brits under the age of 30 are spending less for “fun” than they did in 2001, according to researchers. A report published Thursday Resolution Foundation, a U.K.-based think tank, found that young adults’ real-terms spending on non-essentials dropped by 7% between 2001 and 2018. Meanwhile, 50 to 64-year-olds’ leisure spending
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The United States as a nation should provide monetary help to groups who have been “disproportionately discriminated against historically,” says former Facebook executive Chris Hughes, who has been working to reduce income inequality. The Facebook co-founder, a supporter of providing people in need with a basic income supplement, told CNBC’s “Squawk Box” he met Aisha Nyandoro, CEO of
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Stanley Druckenmiller Anjali Sundaram This is a developing story. Check back for updates. Longtime hedge fund manager Stanley Druckenmiller says stocks would plummet if Senator Bernie Sanders were elected president in the 2020 election. “If Bernie Sanders became president, I think stock prices should be 30% to 40% lower than they are now,” he said
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Billionaire hedge fund manager Stanley Druckenmiller told CNBC on Friday that while the Trump administration’s tariffs may not appear that damaging on paper, their chilling effect on business sentiment could have an even greater impact on the economy and financial markets. “Animal spirits is something you can’t measure, but confidence matters,” he said on “Squawk Box.
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