NEWYou can now listen to Fox News articles! While Rep. Ilhan Omar’s, D-Minn., has been denying accusations that she’s racked up a multi-million-dollar net worth since getting elected to Congress, her daughter has continued her hard-left political activism and support for communist causes that began when she was just 12. Isra Hirsi, who was just … Read more
NEWYou can now listen to Fox News articles! New York City Mayor Zohran Mamdani celebrated a proposal to tax luxury second homes owned by the ultra-wealthy, a plan expected to generate at least $500 million annually. Earlier in the day, New York Gov. Kathy Hochul unveiled a pied-à-terre tax on luxury second homes in New … Read more
UNITED NATIONS — The gap between rich and poor nations is growing even wider as actions agreed to by many countries last year, including overhauling the major global financial institutions, remain unfulfilled promises, a U.N. report concludes. The report assessing the blueprint adopted in Seville, Spain, last June to narrow the gap and achieve U.N. … Read more
Some of America’s wealthiest couples are collecting $100,000 in Social Security benefits — a six-figure payout that a new proposal says should be capped to help the retirement program avoid insolvency in 2032. About 1 million individual Social Security beneficiaries receive at least $50,000 in annual payments, or more than $100,000 for a retired couple, … Read more
The number of Americans worth eight or even nine figures is up markedly. It’s transforming the U.S. economy. Source link
PROVIDENCE, R.I. — Chuck Collins figures he won life’s lottery by inheriting vast sums of money through his great-grandfather Oscar Mayer’s processed meat company, but rather than fight to protect every dime Collins has helped push to hike taxes on the ultrarich like himself. He was successful in helping implement a higher tax in Massachusetts … Read more