Reading up on wealth-inequality

A long-running study shows investor enthusiasm during hot markets has historically led to the worst cases of stock-market wealth destruction over the last 100 years.

Graham's attempt to equate a 1% wealth tax with a 20% income tax hike is widely rejected as misleading because it ignores that wealthy income comes from capital gains, not labor, and that the wealthy often pay little income tax.

The richest 0.1% of U.S. households now control 14.5% of total wealth, up from 8.7% in 1990, driving growth in top wealth management teams.

OpenAI allowed employees to sell up to $30 million each in a financing, with 75 workers pocketing the full amount collectively making $6.6 billion.

A rapidly growing class of Americans worth tens to hundreds of millions of dollars is reshaping the U.S. economy by driving luxury spending.

The 2017 tax cuts fueled an unprecedented boom in billionaire wealth, driving a surge of America's richest individuals to relocate to Wyoming.

Dario Amodei argues that AI advancement is entering a dangerous adolescence where rapid capability growth outpaces societal adaptation, threatening nuclear deterrence and democratic stability.