Should Billionaires Be Taxed Differently?

June 15, 2021

As a columnist for The Washington Post, Megan McArdle works for the Post’s owner, a man named Jeff Bezos. Over the past two decades, McArdle has had numerous other prestigious bosses. She boasts a solid career in high-level journalism, having worked for The Atlantic, Newsweek, The Economist and...

ProPublica Reveals the US Is a Tax Haven

June 10, 2021

This week, ProPublica published a long, detailed article that blew the roof off two burning and intimately related questions currently in the news: wealth inequality and taxation. In the wake of the 2008 financial crisis, Thomas Piketty, Branko Milanovic and numerous pundits in the media have...

US Oligarchs Are Literally Bubbling With Emotion

August 21, 2020

Having done the accounting on the wealth of the 12 richest Americans, MarketWatch’s editor, Shawn Langlois, points to what he sees as “a disturbing milestone.” Led by Bill Gates, Elon Musk and Jeff Bezos, the economic and political clout of what Chuck Collins of the Institute for Policy...

How Billionaires Take Seriously the Proverb “Charity Begins at Home”

August 06, 2020

What is the point of having a billion dollars? Most people would say, after observing the behavior of recent billionaires, that the point is to turn the first billion into multiple billions. If you don’t spend it or bury it in the ground, money grows. That’s a law of nature. And when you have...

Amazon’s Inhuman Sources of Human Resources

June 09, 2020

Even in times of plague and massive unemployment, a three-way race has emerged at the top of a rising US stock market, the economy’s major league. Amazon has been competing with Apple and Microsoft for the title of the richest company in the world. All three weigh in with a market cap at above...

The Era of Centibillionaires Is Upon Us

January 30, 2020

A year ago, there was only one person in the world whose fortune clocked in at over $100 billion. At the time when Jeff Bezos reached that plateau, most people felt that because it was so exceptional, the English language didn’t need a specific word to describe that category of person. Now,...

Astronomers Unlikely to Win Their War With Elon Musk

January 27, 2020

A raging controversy has broken out about Elon Musk’s latest SpaceX project to blanket the Earth’s lower atmosphere with 42,000 satellites. It has already begun to be implemented. Musk generously wishes to enable internet access across even the remotest corners of the globe. Astronomers have...

Jeff Bezos Plays the Cowboy With the Indians

January 17, 2020

Forbes has followed Jeff Bezos on his pilgrimage to India this week. On January 15, the journal reported on Amazon’s declared ambition to help boost the Indian economy. The magazine reports: “Amazon founder and chief executive Jeff Bezos said on Wednesday from New Delhi that his e-commerce...

Amazon Is Getting Paid to Move to New York

November 16, 2018

Amazon and Jeff Bezos were so desperate they needed the generosity of the citizens of New York to help them pay their future rent. If any of us formulated the plan to move to New York and either buy a house or build one, we would begin looking at the price of property to decide whether or not we...

The Daily Devil’s Dictionary: “Significance” of Billionaires

May 25, 2018

Charlie Munger, the supposed alter ego of Warren Buffett, “significantly” takes on Elon Musk, the founder of Tesla. Those who know his name know Charlie Munger as Warren Buffett’s alter ego. They attribute to him a similar level of unassailable wisdom about stocks, even though with a net...

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