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Keyword: millionaires

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  • Canada scraps millionaire visa scheme, ‘dumps 46,000 Chinese applications’

    04/13/2014 4:02:56 PM PDT · by 2ndDivisionVet · 36 replies
    The South China Morning Post ^ | February 26, 2014 | Ian Young and Keith Zhai
    Tens of thousands of Chinese millionaires face an uncertain future after Canada's government moved to scrap its controversial investor visa scheme, which has allowed waves of rich Hongkongers and mainland Chinese to immigrate since 1986. The surprise announcement was made in Finance Minister Jim Flaherty's budget, delivered to parliament in Ottawa on Tuesday. An estimated 45,500 mainland Chinese in the queue for visas in Hong Kong will have their applications "eliminated" and their fees returned. The announcement came less than a week after the South China Morning Post revealed how the scheme was overwhelmed by an influx of applications from...
  • 5 countries that gained the most millionaires (Where are the world's rich moving?)

    03/30/2014 6:42:53 PM PDT · by SeekAndFind
    CNBC ^ | 03/30/2014 | Robert Frank
    Are you thinking of going to college? If so, please consider that decision very carefully. You probably have lots of people telling you that an "education" is the key to your future and that you will never be able to get a "good job" unless you go to college. And it is true that those that go to college do earn more on average than those that do not. However, there is also a downside. At most U.S. colleges, the quality of the education that you will receive is a joke, the goal of most colleges is to extract as...
  • Illinois: How will we fix our budget problems? Let’s tax millionaires!

    03/21/2014 2:12:17 PM PDT · by SeekAndFind · 23 replies
    Hotair ^ | 03/21/2014 | Bruce McQuain
    This worked so well for France that Belgium had a real estate boom with the new tax on millionaires was announced. And New Jersey learned that millionaires have a tendency to leave when confronted with higher taxes. But Illinois? Well, per Michael Madigan, Speaker of the Illinois House of Representatives, Illinois is different: “Well, if they’re in Illinois today, they’re probably so much in love with Illinois that they’re not going to leave,” he said, according to the Tribune–a backhanded acknowledgement of how poorly the state is already doing.Madigan may also be encouraged by California’s example, where millionaires have largely...
  • U.S. Millionaires Club Grows To Almost 10 Million

    03/14/2014 6:28:43 AM PDT · by SeekAndFind · 10 replies
    TIME ^ | 03/14/2014 | Noah Rayman
    A record 9.63 million households had a net worth of $1 million or more last year, a 58 percent increase from 2008. The number of affluent households worth between $100,000 and $1 million also went up in 2013 There was a record 9.63 million households in the U.S. with a net worth of $1 million or more last year, according to new market research. The number of millionaire households surged 58 percent from a dip in 2008, when there were 6.7 million households worth $1 million or more (not including primary residences). In 2007, there were 9.2 million households worth...
  • Chinese plead for Canada to let them immigrate

    03/04/2014 6:16:51 AM PST · by Olog-hai · 8 replies
    Associated Press ^ | Mar 4, 2014 8:43 AM EST | Louise Watt
    Chinese millionaires on Tuesday pleaded for the Canadian government not to throw away the immigration applications of thousands of Chinese nationals as part of its plans to end a backlogged investor program. At a news conference, 10 investor applicants delivered their crestfallen message—that their faith in Canada as a “trustworthy country,” with its attractive rule of law, environment and welfare system, was wavering. Last month, Canada announced its intention to terminate its immigrant investor program and eliminate the longstanding backlog of applications—amounting to more than 65,000 people, most of whom are Chinese. It said immigrant investors pay less in taxes...
  • Joel Osteen's $10.5 Million Mansion

    02/21/2014 6:03:50 PM PST · by Gamecock · 134 replies
    Christian Post ^ | October 18, 2013 | Alecia MacKenzie ,
    Full Title: Joel Osteen's $10.5 Million Mansion, Cross-Less Church and Other Surprising Facts About the Mega-Pastor Joel Osteen, pastor of Lakewood Church in Houston, Texas, and the bestselling author of books like Your Best Life Now and I Declare: 31 Promises to Speak Over Your Life, has been dubbed "the smiling preacher" due to his toothy smile and upbeat attitude. Here are a few facts about Pastor Osteen and his ministry you might not know. 1. Joel Osteen Met Victoria Osteen in a Jewelry Store Pastor Osteen and his wife Victoria Osteen met in 1985 when he went to a...
  • Sean Hannity to Leave New York After Andrew Cuomo's Anti-Conservative Rant [w/audio]

    01/20/2014 5:40:23 PM PST · by servo1969 · 124 replies ^ | 1-20-2014 | Jeffrey Poor
    “Now I want to tell you something – I was born and raised in New York,” Hannity said. “I want you to know that and I can’t wait to get out of here. I really can’t. I don’t want to pay their 10-percent state tax anymore. I live in the second-highest property taxed county in the entire country in Nassau County. I can’t wait to sell my house to somebody who wants it. I can’t wait to pay no state income tax down in Florida or Texas. I haven’t decided yet, but I’m leaning Florida because I like the water...
  • Top 1 percent reaps 90 percent of income gains since Obama took office

    01/14/2014 4:55:17 AM PST · by SeekAndFind · 25 replies
    Washington Times ^ | 01/14/2014 | Patrice Hill
    Despite his best efforts, the president who vowed to conquer Wall Street and revive opportunity for everyday Americans on Main Street has this to show for his first five years in office: U.S. stock markets are in record territory, posting 30 percent gains just last year, and Wall Street is home once again to the biggest concentration of billionaires on earth, while wages for the middle class have barely kept up with inflation. As President Obama prepares to lay out an economic agenda to address this disappointing state of affairs in his State of the Union address this month, his...
  • Congress Is Now Mostly A Millionaires’ Club (more than half are now millionaires)

    01/09/2014 2:14:55 PM PST · by Zakeet · 27 replies
    Time ^ | January 9, 2014 | Andrew Katz
    Complete Headline: Congress Is Now Mostly A Millionaires’ Club -- For the first time, more than half of congressional lawmakers are worth at least $1 million Congress is loaded, if you weren’t already aware. The Center for Responsive Politics analyzed the personal financial disclosure data from 2012 of the 534 current members of Congress and found that, for the first time, more than half had an average net worth of $1 million or more: 268 to be exact, up from 257 the year earlier. The median for congressional Democrats was $1.04 million and, for Republicans, $1 million even. To calculate...
  • Vacaying Multi-Millionaire Obama Blasts GOP That Went Home for the Holidays & Abandoned Poor

    01/05/2014 8:37:43 PM PST · by 2ndDivisionVet · 44 replies
    Indepebndent Journal Review ^ | January 5, 2014 | Kyle Becker
    It must be nice to a president who has overseen one of the worst recoveries in the modern era, who then moralizes those who think job creation is preferable to endlessly issuing government checks backed by paper money and nearly insurmountable debt. But such is the life of vacationing multi-millionaire Barack Obama, who gets to look down at us while he drives by in a golf cart as small businesses are imploding in the wake of his disastrous policies. Meanwhile, the poor keep getting poorer, and the rich keep getting richer. Dave Urbanski of The Blaze reported on the haughty...
  • Republicans Are Overwhelmed By A Sea of Democratic Cash

    12/29/2013 9:22:57 PM PST · by 2ndDivisionVet · 46 replies
    Powerline ^ | December 29, 2013 | John Hinderaker
    The Minneapolis Star Tribune investigates independent political spending over the last few election cycles. The results are stark, but won’t surprise anyone who has been paying attention: A Star Tribune analysis of ­campaign finance records found that just three dozen individuals or entities have contributed more than $27 million to political action and independent expenditure committees over the past three election cycles. The analysis shows those donations heavily favored Democrats. Unless that trend is reversed, Republicans could find themselves at a disadvantage heading into the 2014 elections…. No kidding. One union — the powerful ­Education Minnesota teachers union — poured...
  • Tycoon gives away $800 million fortune before suicide jump

    12/29/2013 7:02:49 AM PST · by rktman · 24 replies
    World Net Daily ^ | 12/29/2013 | unknown
    A renowned Wall Street tycoon gave away his entire $800 million fortune before falling to his death in a suicide jump this week.
  • America's 10 Most Expensive Restaurants

    12/08/2013 9:57:30 AM PST · by Kip Russell · 101 replies
    Yahoo! Shine ^ | May 22, 2012 | The Daily Meal
    Determining which restaurants in the nation offer the steepest prices is a tricky task. Most of the restaurants on this list serve the rarest, most premium, and freshest ingredients available, from kitchens run by chefs with expert levels of craftsmanship and artistry, in dining rooms with an exceptional quality of service provided by the front of house staff. But regardless of the justifications, the fact remains that the restaurants on this list are outrageously pricey. To arrive at the top 25 we compiled a list of restaurants commonly known for being outrageously expensive (such as Masa, which is known for...
  • UK has 75 percent of EU’s millionaire bankers

    12/01/2013 10:51:46 PM PST · by Olog-hai · 5 replies
    EU Observer ^ | 01.12.13 @ 08:43 (Dec. 1) | Benjamin Fox
    More than 75 percent of Europe’s banking millionaires are based in the UK, according to a report by the EU’s bank watchdog. More than 2,700 UK-based bankers were paid more than €1 million in 2012, compared to a further 794 across the rest of the EU. Germany was a distant second with 212, followed by France with 177. Ten EU countries had no banking millionaires. The data, contained in the London-based European Banking Authority annual “High Earners” report, reveal the extent of the UK’s dominance of the banking rich-list. …
  • The Race Is On in Silicon Valley to Escape Real America

    11/29/2013 5:12:21 PM PST · by 2ndDivisionVet · 62 replies
    The Daily Beast ^ | November 30, 2013 | James Poulos
    Day in and day out, the message from the media is the same. Your country is becoming a nightmare. However you can, get out—and do it now, before you’re trapped. From Saul Alinsky to Sarah Palin, the view of the problem is also the same. Society has been divided into Elites and Real People. But the situation now seems so dire that instead of achieving transformative change, many of us are simply opting to flee into dreams—of a post-revolutionary paradise, or of traditional times restored. As the promise of real life claustrophobically collapses around us, we turn our sights on...
  • McAuliffe Campaign Funded the Democratic Ground Game That Sealed Victory

    11/06/2013 10:56:53 AM PST · by don-o · 18 replies
    Breitbart - Big Government ^ | November 6, 2013 | Michael Patrick Leahy
    Breitbart News has confirmed that much of the credit for Terry McAuliffe’s narrow 47.9 percent to 45.5 percent victory over Republican Ken Cuccinelli in Tuesday’s election is attributable to a $4 million donation the McAuliffe campaign gave to the Democratic Party of Virginia, which used those funds to run a highly effective ground game for the party’s full slate of candidates. Ashley Bauman, press secretary for the Democratic Party of Virginia, told Breitbart News in an exclusive interview on Wednesday that "[w]hile we used that money [the $4 million donated to the Democratic Party of Virginia from the McAuliffe campaign]...
  • Budget deal includes $174K payout to widow of millionaire Senator

    10/16/2013 4:19:56 PM PDT · by navysealdad · 12 replies
    Buried inside the budget deal brokered by Mitch McConnell and Harry Reid: a payout to the millionaire widow of the late Democratic senator Frank Lautenberg. There is appropriated for payment to Bonnie Englebardt Lautenberg, widow of Frank R. Lautenberg, late a Senator from New Jersey, $174,000.” Agreed to by the Republican and Democratic leaders of the Senate. Lautenberg’s networth $56.8 million last year
  • What was McAuliffe doing investing in this get-rich-quick scheme?

    10/11/2013 6:02:12 AM PDT · by The Old Hoosier · 11 replies
    Conservative Intel ^ | 10/11/13 | David Freddoso
    What I find most interesting here is that McAuliffe and a bunch of important people and entities — including Flanders’ law firm, the former Cranston Chief of Police, a large-scale bookie once sentenced to prison, and a monsignor who was a top official for the Roman Catholic Diocese of Providence — all found their way into this same get-rich-quick scheme. It’s smells a lot like something designed for people who think they’re too important to follow the law. I’m not a lawyer, but I can tell you this — if anyone ever approaches you with a guarantee that he can...
  • Wendy Davis Makes Over $1 Million Filibustering for Late-Term Abortions

    07/16/2013 7:08:25 PM PDT · by Morgana · 20 replies
    life news ^ | Steven Ertelt
    How much money can a state Senator from Texas make for her campaign account by filibustering against a bill to ban late-term abortions? “Texas state Senator Wendy Davis has reaped nearly $1 million in political donations since she staged a nearly 11-hour filibuster that ultimately failed to stop the Texas legislature approving stringent new restrictions on abortion in the state, her office said on Monday,” according to Reuters. From the report: Davis, 50, who is running for re-election to the state Senate in 2014 and has been called upon by some fellow Democrats to run for Texas governor, raised $933,000...
  • America Falls Behind in Creating Rich Entrepreneurs

    06/17/2013 3:55:52 PM PDT · by grundle · 137 replies
    CNBC ^ | June 17, 2013 | Robert Frank
    <p>The creation myth of American wealth is almost always rooted in the entrepreneur.</p> <p>It's the two kids who start a computer company in their garage or dorm room. Or the former standup comic who creates form-shaping undergarments, or the South African immigrant who creates a new electric car and private space program.</p>
  • Florida Powerball Winner, 84, Claims $590-Million Prize

    06/05/2013 12:34:44 PM PDT · by Red Badger · 64 replies
    ABC ^ | 06-05-2013 | Staff
    Gloria C. Mackenzie held the most lucrative winning lottery ticket in American history.
  • Shock poll: Wealthy, not middle class, support Obama

    05/01/2013 1:00:44 PM PDT · by grundle · 52 replies
    Washington Examiner ^ | May 1, 2013
    President Obama's approval numbers are starting to mimic Mitt Romney's. According to a new YouGov poll, it's the rich -- not the poor or middle class -- who back Obama more despite his 2012 campaign attacking the rich. The poll for the Economist found that fewer than half of those with incomes less than $100,000 per year approve of Obama's performance, while he enjoys a 54 percent approval rating among those with incomes higher than that. Those earning less than $40,000 a year disapprove of the president's performance, 51 percent to 45 percent. Those earning $40,000 to $100,000 disapprove by...
  • Swift pays cash for $17M home [Country Girl Singer Drops Millions for Rhode Island Mansion]

    04/30/2013 1:58:09 PM PDT · by SoFloFreeper · 70 replies
    Taylor Swift is adding to her property portfolio after securing a $17.75 million deal for a new seaside home in Rhode Island. The I Knew You Were Trouble hitmaker recently went house hunting along the U.S. northeast coast with her mother Andrea, father Scott and younger brother Austin, and she appears to have settled on a lavish estate in the town of Westerly. The property, which boasts five bedrooms and sweeping views of the Atlantic Ocean, had reportedly been on the market for $20 million - but Swift managed to use her charms to negotiate the lower price -- she...
  • Chelsea Clinton to buy $10.5 million apartment on Madison Square Park (In Case You Missed This)

    04/07/2013 12:22:42 PM PDT · by IbJensen · 76 replies
    New York Daily News ^ | March 14, 2013 | Phillip Caulfield
    Chelsea Clinton and her husband, Marc Mezvinsky, are in contract to buy a $10.5 million apartment in The Whitman, at 21 East 26th St. Come June, NoMad residents will be keeping up with the Clintons. Chelsea Clinton and her husband, Marc Mezvinsky, are buying a sleek, $10.5 million apartment overlooking Madison Square Park, sources said. The Whitman, first built in 1924, is near the couple's current place, a rented loft in Gramercy Park. The 5,000-square-foot pad, in The Whitman at 21 E. 26th St., is just a few blocks from the couple's rented Gramercy Park loft. Sources said staying nearby...
  • Hamilton’s penniless millionaire [$10 million lottery winner is now broke]

    03/29/2013 7:22:48 PM PDT · by grundle · 59 replies ^ | March 21, 2013 | Molly Hayes
    Nine years after cashing her $10,569,000.10 cheque, lotto winner Sharon Tirabassi is catching the Barton Street bus to her part-time job. She’s working to support her kids in their rented house in northeast Hamilton.Tirabassi, 35 — one of this city’s biggest lotto winners — has gone from rolling in dough to living pay cheque to pay cheque. The Lotto Super Seven payout didn’t come with a financial adviser and before she knew it — big house, fancy cars, designer clothes, lavish parties, exotic trips, handouts to family, loans to friends — the money was gone.“You don’t think it’ll go (at...
  • N.J. Powerball jackpot winner says he will no longer work in bodega

    03/26/2013 5:10:45 PM PDT · by SMGFan · 48 replies
    — Pedro Quezada said he was walking past Eagle Liquor in Passaic on Monday when he noticed a commotion. He wondered whether someone had won the lottery there. "I thought maybe the winning ticket was sold in this store," Quezada said, referring the $338 million Powerball jackpot that was drawn this weekend. So just after 4 p.m., Quezada took the ticket he bought there and scanned it through the liquor store's lottery machine. Suddenly, the 44-year-old Dominican immigrant and father of five got life-changing news: He had won the fourth-largest jackpot in Powerball history. "I had no idea I was...
  • He Has Millions and a New Job at Yahoo. Soon, He’ll Be 18.

    03/25/2013 9:01:27 PM PDT · by grundle · 3 replies
    New York Times ^ | March 25, 2013 | BRIAN STELTER
    One of Yahoo’s newest employees is a 17-year-old high school student in Britain. As of Monday, he is one of its richest, too. That student, Nick D’Aloisio, a programming whiz who wasn’t even born when Yahoo was founded in 1994, sold his news-reading app, Summly, to the company on Monday for a sum said to be in the tens of millions of dollars. Yahoo said it would incorporate his algorithmic invention, which takes long-form stories and shortens them for readers using smartphones, in its own mobile apps, with Mr. D’Aloisio’s help. “I’ve still got a year and a half left...
  • The rich pay majority of U.S. income taxes

    03/12/2013 9:48:55 AM PDT · by SeekAndFind · 41 replies
    Yahoo Finance ^ | 03/12/2013 | Steve Hargreaves
    Many people think that the rich are able to weasel their way out of taxes, but they actually pay an overwhelming majority of the taxes in the United States. What's more, their share of the tax burden is increasing. The top 10 percent of taxpayers paid over 70% of the total amount collected in federal income taxes in 2010, the latest year figures are available, according to the Tax Foundation, a right-leaning think tank. That's up from 55% in 1986. The remaining 90% bore just under 30% of the tax burden. And 47% of all Americans pay hardly anything at...
  • Justin Bieber whines about 'worst birthday' on Twitter

    03/04/2013 7:11:56 PM PST · by algernon_garnock · 47 replies
    Fox News ^ | 03-04-2013 |
    Seems like Justin Bieber may need to put things in perspective. The newly 19-year-old pop superstar took to Twitter to whine about his “worst birthday,” which went down on Friday night. Earlier in the day, it seemed the Biebs was excited about his big birthday celebration, tweeting things like “Gonna be fun tonight” and “Big night ahead!” After receiving a customized Batman-themed bike from his dad, according to toofab, and spending the day shopping—picking up pricey items like Christian Louboutin sneakers—Bieber headed to the Cirque du Soir club in London with his pals, US Weekly reported. But the poor millionaire...
  • Mysterious donors (Another conservative businessman's money goes Left)

    01/25/2013 2:50:07 PM PST · by Edmunds mom · 29 replies ^ | 1/25/2013 | Scott Walter
    Can you name this donor? He co-founded Silicon Valley’s first great corporation. He funded and befriended every Republican President from Nixon to George H.W. Bush. His decisive actions helped save two conservative think tanks, the Hoover Institution in the 1950s and the American Enterprise Institute in the 1980s. In 1992 he declared, “the Democratic Party has been the party of socialism since President Roosevelt’s term,” and it “is indentured to union labor.” Your last clue: The foundation named for him—America’s seventh largest—is a pillar of the liberal philanthropic establishment.
  • The New Power Class Who Will Profit From Obama’s Second Term

    01/20/2013 8:39:22 PM PST · by 2ndDivisionVet · 12 replies
    New Geography ^ | January 18, 2013 | Joel Kotkin
    When President Obama takes the oath of office for the second time, he will also usher in a new era in American power politics. Whereas the old left-wing definition of “who rules” focused on large corporations, banks, energy companies and agribusinesses, the Obama-era power structure represents a major transformation. This shift stems, in large part, from the movement from a predominately resource and tangible goods-based economy to an information-based one. In the past, political struggles were largely fought over how to divide up the spoils generated by the basic productive economy; labor, investors and management all shared a belief in...
  • Golfer Phil Mickelson May Call It Quits Due To Climbing Tax Rates

    01/21/2013 5:12:50 AM PST · by tellw · 51 replies
    Forbes ^ | 1/21/2013 | Tony Nitti, Contributor
    Word is, Phil Mickelson is mad as hell about rising tax rates, and he’s not going to take it anymore. What follows is a brief portion of an interview Mickelson gave earlier today after carding a final-round 66 at the Palmer Course at PGA West in La Quinta – which I assure you, is not associated with the La Quinta next door to your local Denny’s – in which the golfer hinted that he is considering drastic career changes because of a combined tax rate nearing “62, 63 percent:”
  • Texas megadonor Steve Mostyn gives $1 million to Gabby Giffords gun-control group

    01/12/2013 8:59:55 AM PST · by Tailgunner Joe · 29 replies ^ | January 10, 2013
    Houston trial lawyers Steve and Amber Mostyn say they’re giving $1 million to a gun-control group formed by former Arizona Rep. Gabrielle Giffords and her husband, astronaut Mark Kelly. Steve Mostyn is a major Democratic campaign contributor, backing candidates in Texas and nationally. He gave $3 million to Priorities USA Action, a super PAC aiding President Obama’s re-election. He’s perhaps best known in Texas for launching a media campaign against Rick Perry two years ago in which he chided the Republican governor for his reluctance to debate in his 2010 reelection race with a full-page newspaper ad depicting Perry and...
  • Beyonce and Kelly Clarkson to Sing at President Obama's Inauguration [Et Tu, Kelly?]

    01/10/2013 6:18:43 AM PST · by SoFloFreeper · 57 replies
    Ace Show Biz ^ | 1/10/13
    R'n'B-pop diva Beyonce Knowles, "American Idol" winner Kelly Clarkson and Grammy Award-winning artist James Taylor are just some of the artists tapped by re-elected U.S. president Barack Obama to perform the country's most patriotic songs during his upcoming inauguration ceremony on January 21. Beyonce is chosen to deliver the U.S. national anthem "The Star Spangled Banner", Kelly is selected to sing "My Country 'Tis of Thee" and James is invited again to perform "America the Beautiful".
  • GOP Focuses on Millionaire Tax Breaks

    12/17/2012 9:00:27 PM PST · by Kaslin · 6 replies ^ | December 17, 2012 | Kevin Glass
    Republican Sen. Tom Coburn has released a breakdown of how much the federal government forgoes in tax revenue due to various credits and deductions that benefit everything from NASCAR owners to gamblers. It's a fairly comprehensive analysis that should get bipartisan support, but one of the categories that Sen. Coburn targets to raise taxes from may be surprising: "the rich." Coburn highlights $100 billion in tax revenue that could be raised over the next ten years by ending some of these deductions only on millionaire households. Over the 2006-2009 time period, Coburn notes, millionaires deducted over $20 billion in gambling...
  • Gallup Reports Upper-Income Spending Worst November Ever

    12/10/2012 7:25:08 AM PST · by Kaslin · 21 replies ^ | December 10, 2012 | Mike Shedlock
    With the generally upbeat spending reports on black Friday and cyber-Monday, Gallup paints a different point of view in its most recent poll that shows U.S. Consumer Spending Holds Steady, Consistent With 2011Americans' self-reported daily spending averaged $73 in November, essentially on par with September and October. It is also similar to the $71 Americans spent last November and slightly higher compared with November 2010 and 2009 -- but still much lower than in November 2008. November 2012 vs. November Prior Years U.S. Upper-Income Spending Sees Worst November on Record Upper-income Americans' (defined as those making at least $90,000 per...
  • Rich Lefties and Their Taxes

    12/06/2012 5:55:33 AM PST · by Kaslin · 12 replies ^ | December 6, 2012 | Larry Elder
    Ah, the hypocrisy of tax-hikers who do everything they can to avoid the taxes they wish to impose on others. Sen. John Kerry, D-Mass.: He tried to avoid $500K in his home state's sales and excise taxes by docking his newly purchased $7 million 76-foot yacht in Rhode Island. Massachusetts lowered its state income tax in 2001. Given the presumably large number of rich people who pine to pay more taxes, the state allowed tax filers to check a box and voluntarily pay the old, higher rate. In a liberal state of over 3 million tax filers, how many volunteered...
  • Jerry Finkelstein, New York Power Broker, Dies at 96

    11/30/2012 6:22:35 AM PST · by AtlasStalled · 13 replies
    New York Times ^ | 11/28/12 | ROBERT D. McFADDEN
    Jerry Finkelstein, who made a fortune in business, real estate and newspapers, including The New York Law Journal and The Hill, and for many years was a self-styled Democratic power broker in New York City, died on Wednesday at his home in Manhattan. He was 96.
  • 6 Ultimate Gifts for Millionaires

    11/19/2012 6:11:52 PM PST · by EveningStar · 9 replies
    Restraint is way overrated.
  • On America's So-Called Generous "Patriotic Millionaires" Who Just Can't Wait To Pay Down The US Debt

    11/12/2012 7:23:44 PM PST · by SeekAndFind · 9 replies
    Zero Hedge ^ | 11/12/2012 | Tyler Durden
    Several months ago, an ad hoc consortium of self-proclaimed millionaires, sent a letter to Obama, Reid and Boehner, demanding that "for the fiscal health of our nation and the well-being of our fellow citizens, we ask that you increase taxes on incomes over $1,000,000." This grass roots initiative was formed in the aftermath of Warren Buffett's, since defunct, proposal to impose a "millionaire tax" rule. Of course, back then, as now, someone actually did the math and realized what the impact of such as tax would be in the grand scheme of the next decade of deficits, as we...
  • Kristol: It won't kill us if we raise taxes on millionaires (Shut Up Bill!)

    11/12/2012 8:07:06 AM PST · by SeekAndFind · 68 replies
    American Thinker ^ | 11/13/2012 | Rick Moran
    This is called surrendering before the war starts: Conservative commentator and Weekly Standard editor Bill Kristol said Sunday the Republican Party should accept new ideas, including the much-criticized suggestion by Democrats that taxes be allowed to go up on the wealthy. ***** "It won't kill the country if we raise taxes a little bit on millionaires," he said on "Fox News Sunday." "It really won't, I don't think. I don't really understand why Republicans don't take Obama's offer." "Really? The Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom voted Democratic...
  • Would Prop. 30 really drive millionaires out of California?

    10/29/2012 6:20:18 AM PDT · by SeekAndFind · 14 replies
    Los Angeles Times ^ | 10/29/2012 | By Michael Hiltzik
    A counterpart to the biblical adage that the poor will always be with us is the notion that the rich will always be one tax hike away from leaving us. That's the foundation stone, after all, of the argument against raising taxes on "job creators" and of bestowing preferential treatment on capital gains (largely collected by the rich) over wage income (the sustenance of us other poor slobs). And it's a linchpin of the campaign against Proposition 30, Gov. Jerry Brown's proposal to raise income taxes on income above $250,000, topping out at a 13.3% rate on income over $1...
  • Obama: “Mitt Romney sure can afford to pay a little more”

    09/23/2012 1:25:44 PM PDT · by SeekAndFind · 36 replies
    Hotair ^ | 09/22/2012 | ERIKA JOHNSEN
    The release of over two decades of Mitt Romney's tax information on Friday must have been so anticlimactic for Team Obama --- not only does it turn out that Romney contributed a boatload of money towards the federal coffers, but he's also an almost wildly generous and charitable individual to boot. After the monumentally huge deal Team O made out of the tax returns, with dodgy "secrecy" ads and unsubtle fat-cat jabs out the wazoo, they don't seem to be seizing on the information with quite the fervor you would've expected.Yes, Romney is hugely wealthy, and hey, maybe some of...
  • What If ‘A Majority of Americans Support Slavery’?

    08/19/2012 10:53:32 AM PDT · by TurboZamboni · 14 replies
    godfatherpolitics ^ | 8-19-12 | gary demar
    Almost three-quarters of New York voters favor a tax on millionaires, a poll found, days after several hundred people marched to the homes of some of New York City’s richest financiers to protest economic inequality. Support for taxing wealthier people breached party lines, with 83% of Democrats and 55% of Republicans in favor, according to the Siena College Research Institute poll released Monday. A separate poll released by Quinnipiac University showed New York City voters support an extension of the tax by 61% to 28% percent, with Republicans favoring it by 55% to 38%. Let’s go back 160 years and...
  • Ex-Evergreen Solar CEO’s manse worth more than factory (Another failed green business in MA)

    08/13/2012 8:57:31 AM PDT · by pietraynor · 9 replies
    Boston Herald ^ | 8/13/2012 | Ira Kantor
    Former Evergreen Solar CEO Richard Feldt’s five-bedroom, two-plus acre Hingham pad is on the market for $9.9 million, nearly $1.4 million more than what the company’s Devens factory sold for earlier this year. The Bare Cove Lane property also boasts four bathrooms, a pool, stone terrace and 200 feet of frontage on Hingham Harbor, according to a real estate listing. “The natural light is incredible. The views are spectacular. The finishes and millwork are masterful,” the listing says. “Rarely does a home of this caliber become available for sale.” Feldt, who left Evergreen Solar in 2010 to become CEO of...
  • Democratic billionaires boost pro- Obama super PAC

    07/21/2012 1:06:22 PM PDT · by Innovative · 5 replies
    Politico ^ | July 21, 2012 | KENNETH P. VOGEL
    Its biggest donation - $2 million - came from telecom billionaire Irwin Jacobs, who had not previously given to the Obama super PAC. And Priorities received $1 million each from Chicago media mogul Fred Eychaner, an Obama campaign bundler and prominent gay rights supporter who had previously donated $500,000, and star actor Morgan Freeman, a newcomer to big-political-check writing. It also received $750,000 from billionaire heir Jon Stryker, a big donor to gay rights causes, and $333,333 from billionaire media entrepreneur Haim Saban, who was among a handful of major Democratic donors who had been intensely courted for months to...
  • Wealthy Americans Jumping Obama’s Ship

    06/24/2012 4:53:28 PM PDT · by SeekAndFind · 31 replies
    Newsmax ^ | 06/23/2012
    Wealthy Americans aren’t just leaving tax-heavy states like New York and California, they’re leaving the country. U.S. citizens are defecting at record levels in order to escape high taxes, the New York Post reported. About 8,000 U.S. citizens are projected to renounce their citizenship in 2012, or about 154 a week — versus 3,805 in 2011, or about 73 per week, according to immigration officials, the Post reported. They want to avoid tax bills resulting from the proposed 55-percent hike on the wealthy and the anticipated expiration of the Bush-era tax cuts at the end of the year, the Post...
  • Romney net worth remains near $250 million

    06/01/2012 4:18:57 PM PDT · by Oldeconomybuyer · 15 replies
    AP via Yahoo! News ^ | June 1, 2012 | By Stephan Braun
    WASHINGTON (AP) — A new financial report from GOP presidential candidate Mitt Romney shows that his wealth remains near $250 million, about the same as last The new financial report from Romney describes sales of a large amount of stocks managed through his blind trust. Romney campaign spokeswoman Andrea Saul stressed that the trust manages investments for Romney and his wife, Ann. The new report shows that Romney still made millions of dollars over the past year in lucrative bank notes and investment funds, including nearly 40 different funds associated with his former company, Bain Capital.
  • A Facebook Co-Founder Reflects on the Path Forward (Renounced his U.S. citizenship?)

    05/17/2012 11:29:12 AM PDT · by AngelesCrestHighway · 11 replies
    Yahoo Finance ^ | 05/17/12 | QUENTIN HARDY
    Eduardo Saverin can escape the United States, but he cannot slip Facebook. “Everything I do in my personal life, in my professional life, it’s completely there,” said Mr. Saverin, a Facebook co-founder, in his first major interview. “A lot of what I do, what everyone does, is influenced by it.” Alone among Facebook’s 900 million users, Mr. Saverin is special: a billionaire with only the vaguest of causes. He co-founded Facebook at age 21, then left two years later with a legal settlement that cut him off from Facebook but left him phenomenally wealthy. His stake will most likely be...
  • Buffett Rule more about pandering than 'fairness'

    04/18/2012 10:00:52 AM PDT · by Mark Landsbaum · 3 replies
    The Orange County Register ^ | 4-18-2012 | The Orange County Register Editorial Boarad
    The president seemingly lost a major fight Monday when the Senate shot down his "Buffett Rule" minimum tax for the wealthy, one of his signature issues and what promises to be a central plank of his reelection campaign. Or did he lose? ...