A billion people and a few billionaires

1 week, 3 days ago

Why can't we fund universal public goods? Report blames billionaire Nepo babies

The children of the richest families in the U.S. are well-known for spending their vast wealth on frivolous luxuries—constructing a replica of a medieval church on their acres of property, in the case of banking heir Timothy Mellon, or starting a brand of T-shirts described by one critic as "terrible beyond your wildest imagination," as Wyatt Koch, nephew of Republican …

Tax Wealth Congress Trump Families Billionaire Report

1 week, 5 days ago

Syria doesn’t have to become a jihadi hellhole

The Independent

Sam Kiley is far too pessimistic about Syria’s future. A lot will depend on whether Donald Trump will return America to isolationism – but he has already said: “It’s not our war.” As long as the West, Israel and other Middle Eastern countries see it in their interest to create a peaceful Syria, its descent into a jihadi tyranny will …

Syria Water Companies Ofwat 10 December Jihadi Hellhole

3 weeks, 3 days ago

Why it’s time for the ultra-rich to abandon luxury in order to save the world

The Independent

Are you planning a party night in, say, Ibiza in the near future? The magazine’s new editor, Jo Ellison, explained: “We want the title and indeed our masthead to reflect a world with deeper sensitivities.” She said readers could interpret the “S” in any way they choose: it could be how to save it, or how to steer, surf or …

Trip Private Ibiza Jet Magazine Gaddafi Htsi

3 weeks, 4 days ago

Leftist-socialist policies drive entrepreneurs out of Norway

Op India

Why does the left boasts to be ‘progressive’ in life, while its economic policies reek of regressiveness? Face unrealized gains wealth tax bill of many x my… https://t.co/59cRJMBxXn — hagaetc.eth November 16, 2024 Additionally, in an intriguing turn of events, Haga’s response received millions of views, including from Elon Musk, American businessman Marc Andreessen, along with entrepreneur and investor Paul …

India Oil Money Entrepreneurs Policies Norway Norwegian

1 month, 3 weeks ago

Britain's growth calamity: The Government's prioritisation of the public sector over all else is bonkers, says ALEX BRUMMER

Daily Mail

There has been so much discussion about fiscal policy, new rules and taxing until the pips squeak ahead of today’s Budget that the core purpose of backing growth is lost in the undergrowth. Construction drive: Chancellor Rachel Reeves and colleagues see building more houses and better infrastructure as keys to economic expansion The US, for all its economic dynamism, has …

Growth Tech Pension Britain Smr

2 months ago

Reeves plans stealth taxes as Starmer prepares to splurge billions on NHS

The Independent

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Sir Keir Starmer …

Tax Labour Reeves Starmer Email Nhs Westminster Email

2 months, 1 week ago

Rachel Reeves boosts big business as she caps corporation tax at 25% and woos investment in Britain

The Independent

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Reeves made her big pitch to business with a fourth …

Business Growth Brexit Tax Budget Investment National

4 months, 3 weeks ago

G20 finance ministers agree to work toward effectively taxing the super-rich

Associated Press

RIO DE JANEIRO — Finance ministers from leading rich and developing nations agreed Friday to strive toward effectively taxing the super-rich, a joint ministerial declaration said. “With full respect to tax sovereignty, we will seek to engage cooperatively to ensure that ultra-high-net-worth individuals are effectively taxed,” the declaration said after the two-day meeting in Rio de Janeiro. While the final …

Finance Global Tax G20 Brazil Rio Yellen

6 months ago

We need corporate nationalism for port infrastructure

Live Mint

A sector’s contribution is traditionally assessed through economic metrics. China’s economic growth was driven by manufacturing, but its export dominance relies heavily on its extensive port infrastructure. To counter China’s aggressive expansion via state-run port operators, India’s national strategy should support private port operators of scale and potential through measures like capital access, tax breaks and a conducive policy environment. …

India Nationalism Singapore China Infrastructure Sri Lanka Corporate

6 months, 1 week ago

Starmer launches Labour’s pro-business, pro-worker manifesto with £8.6bn of new taxes

The Independent

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. This was emphasised when he was confronted by a heckler early in his speech: “We …

Tax Labour Taxes Starmer Keir Sir Keir Westminster Email

7 months, 3 weeks ago

Satire | Whose wealth is it? Clearing the air on the redistribution debate

The Hindu

It’s shocking how the Election Commission has become a mute spectator to repeated violations of the Model Code of Conduct, even when the violators are trying every trick to sow divisions between the majority and the minority. I’d say that’s a pithy summary of how intelligent people should approach economic questions such as wealth redistribution. So, I’m going to clear …

India Social Wealth Congress Poor Rich Redistribution

11 months, 1 week ago

Five richest men doubled fortunes after 2020, Oxfam says as Davos opens

Al Jazeera

Charity says billionaires $3.3 trillion richer than in 2020 as annual gathering of business elites take place. The world’s richest five men have more than doubled their fortunes since 2020, the charity Oxfam has said, sounding the alarm about unchecked corporate power as business elites hold their high-profile annual gathering in Davos, Switzerland. The five men are worth a combined …

Men Power Oxfam Behar

11 months, 1 week ago

So far it's a grand decade for billionaires, says new report. As for the masses ...

NPR

So far it's a grand decade for billionaires, says new report. Oxfam's assertions This latest edition of the Oxfam report looks back over the last few years since 2020 and describes the growing unequal distribution of wealth as "the beginnings of a decade of division." Oxfam spells out just how well billionaires are faring: "The world's five richest men have …

Poverty World Wealth Report Billion Extreme Sponsor Message

1 year, 3 months ago

Calls to tax the superrich grow as economic inequality surges

Al Jazeera

Billionaires have seen their wealth expand by 109 percent over the past decade from $5.6 trillion to $11.8 trillion as their fortunes increase $2.7bn a day. Economists and many millionaires are calling on governments to impose taxes on the world’s superrich, warning of an unfolding “economic, ecological and human rights disaster” caused by escalating wealth inequality. Economic charter of rights …

Tax Economic Wealth Letter

1 year, 5 months ago

Are we all paying the price for 'superstar' firms? How a lack of competition may be strangling the economy

ABC

Economic growth is threatening to stagnate after a brief, stimulus-induced pandemic bounce, the wages share of the economy remains near record lows and productivity growth is weak across much of the developed world. Key points: Mark-ups have more than doubled and profits almost quadrupled since the early 1980s in the US Economists say a lack of competition and the market …

Business Market Australia Tax Competition Power Going

1 year, 5 months ago

He’s a millionaire with a private jet. But now he’s selling it for the sake of the environment

CNN

CNN — The global private jet fleet has more than doubled in the last two decades and the market is on fire, with new industry records set for transaction and dollar volume in 2021 and 2022, according to a new report by the US Institute for Policy Studies. Private jets emit at least 10 times more pollutants than commercial planes …

Taxes Fuel Report Cnn Collins Jets Going

1 year, 5 months ago

Architect of water privatisation defends decision amid Thames Water turmoil

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Lord Michael Howard, one of …

Water Debt Interest Rates Public Think Howard Thames Water

1 year, 5 months ago

Thames Water demonstrates that privatisation is not fit for purpose

The Independent

Environmental quality and resilience minister Rebecca Pow states that “the government is confident that Ofwat, as the economic regulator for the water industry, is working with any company that is facing financial distress”. The Independent’s informative article by Sean O’Grady makes the observation that “privatisation was a great symbol of Thatcherism and the Conservative belief in the ability of free …

Water Thames Water Privatisation Nokes Caroline Nokes

1 year, 6 months ago

Why has Saudi sovereign fund taken over kingdom’s football clubs?

Al Jazeera

As more international players join Saudi league, country announces launch of investment and privatisation project in a bid to grow the sport. “Now, they are trying to culturally transform these organisations from being state dependent into being much more purposeful strategic and businesslike organisations.” According to the state-run Saudi Press Agency, the process aims to encourage the sport’s growth by …

Football Spa World Players Investment Saudi Arabia State

1 year, 7 months ago

ECONOMIC PERSPECTIVES | Go First filing for bankruptcy raises questions over ‘open skies’ policy

The Hindu

Published : May 18, 2023 11:00 IST - 6 MINS READ The decision of the owners of Go First airline to abruptly file for bankruptcy marks one more episode in the sordid saga of the history of civil aviation in the era of liberalisation. The entry of so many private players was at first seen as a vindication of the …

Aviation Airlines Costs Air Civil Aviation Bankruptcy Airline

1 year, 8 months ago

City investor gears up to unleash post-Brexit investment ‘big bang’

The Telegraph

One of the City’s biggest investors is gearing up to unleash a post-Brexit investment “big bang” after redeploying dozens of employees to earmark infrastructure projects it can plough cash into. Industry leaders have said they could invest an extra £100bn in illiquid assets like wind farms and other infrastructure projects, as part of so-called Big Bang 2.0 reforms, but their …

Infrastructure Projects Projects Treasury Phoenix Invest Wind Farms Pra

1 year, 9 months ago

Privatisation not the BEST policy

Hindustan Times

MUMBAI Not many years ago, Brihanmumbai Electric Supply & Transport Undertaking was widely regarded :as an exemplary public bus system in India. The trouble is that BEST has shrunk its own fleet from 4,700 buses in 2011 to a measly 1,691 today – simply to ‘promote’ privatisation. The BEST’s own data in the past showed that the cost per passenger …

Bmc Best Private Public Buses Mateshwari

1 year, 10 months ago

Subway costs: we finally know why it costs so much to build public transit in the U.S.

Slate

For the past decade, as the cost of building American mass transit has soared to world records, advocates have found themselves in a bind. When I asked the CEO of Amtrak in 2021 about why the company’s train tunnel beneath the Hudson River would cost $11 billion—many times more than similar projects in peer countries—he disputed the premise of the …

Costs Projects Project Public Sector Know Consultants

1 year, 11 months ago

DC Edit | Davos pricks rich consciences

Deccan Chronicle

It’s that time of the year again when the Alpine ski slopes of Davos remind humanity of the slippery slope of inequity that smothers the current eight billion people of the planet. When the super rich, the influential and leaders of a few nations, industry and economists meet — in person this time — they can see more clearly the …

Rich Davos

2 years ago

Column: Can America’s billionaires please stop whining about their privacy rights?

LA Times

Billionaire space traveler Jeff Bezos, second from left, after traveling aloft on his Blue Origin spacecraft: Did he not have anything to spend on to improve conditions on Planet Earth? Hedge fund billionaire Ken Griffin sued the Internal Revenue Service on Tuesday for what he says was the “unlawful disclosure” of his tax and income records due to the agency’s …

Labor Privacy Tax Wealth Billionaire Public Irs

2 years, 1 month ago

How Sunak's war on wealth risks reversing a 50-year march towards democratic capitalism

The Telegraph

When Jeremy Hunt looks down the list of options for raising revenue in the Autumn Statement, many theoretical options will already be crossed out in red ink. And the big three revenue generators of income tax, National Insurance and VAT are already off the table if the government wants to keep to its manifesto pledges. But, critics say, he has …

Cgt

2 years, 3 months ago

Tax fossil fuel companies windfall profits, UN chief says

The Independent

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The United Nations Secretary General has called on all developed nations to tax the windfall …

Europe Climate Tax Independent Companies Guterres Fossil Fuel Companies

2 years, 3 months ago

Government keen on strengthening maritime sector: PM Modi

The Hindu

Prime Minister Narendra Modi on Friday said the government was keenly working on strengthening the maritime sector, both on defence and economic fronts, for the overall development of the country. Speaking after inaugurating several completed projects and launching new ones related to New Mangalore Port Authority and Mangalore Refinery and Petrochemicals Ltd., here, Mr. Modi noted the country’s first indigenously …

Karnataka Port Modi Maritime Sector

2 years, 4 months ago

Labour blasts ‘absurd’ tax regime after report shows oil giant Shell received £100m from UK

The Independent

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Labour has accused the government of favouring oil and gas giants …

Energy Tax Oil Gas Pay Westminster Email View

2 years, 6 months ago

报告：全球疫情催生573位亿万富翁却让2.63亿人陷入极度贫困

China Daily

Oxfam calls for an end to billionaire ‘bonanza,’ says millions are falling into extreme poverty 在世界经济论坛峰开幕之际，全球慈善机构乐施会发布报告称，新冠疫情期间每30个小时就有一位新的亿万富翁诞生，而2022年每33个小时就有近100万人正陷入极度贫困。乐施会建议向大发疫情财的亿万富翁们征税，补贴因生存成本上涨而陷入贫困的民众。 5月11日，顾客在美国纽约一家超市购物。新华社记者王迎摄 A new billionaire emerged every 30 hours during the Covid-19 pandemic, and nearly a million could fall into extreme poverty at around the same rate in 2022. 乐施会指出，截至2022年3月，亿万富翁资产总和达到了12.7万亿美元（约合人民币84.6万亿元）。2021年，亿万富翁的总资产相当于近14%的全球国内生产总值。 Gabriela Bucher, executive director of Oxfam International, said that billionaires were arriving at …

Pandemic Wealth Billionaire Extreme Billionaires Extreme Poverty Oxfam

2 years, 6 months ago

报告：全球疫情催生573位亿万富翁却让2.63亿人陷入极度贫困

China Daily

Oxfam calls for an end to billionaire ‘bonanza,’ says millions are falling into extreme poverty 在世界经济论坛峰开幕之际，全球慈善机构乐施会发布报告称，新冠疫情期间每30个小时就有一位新的亿万富翁诞生，而2022年每33个小时就有近100万人正陷入极度贫困。乐施会建议向大发疫情财的亿万富翁们征税，补贴因生存成本上涨而陷入贫困的民众。 5月11日，顾客在美国纽约一家超市购物。新华社记者王迎摄 A new billionaire emerged every 30 hours during the Covid-19 pandemic, and nearly a million could fall into extreme poverty at around the same rate in 2022. 乐施会指出，截至2022年3月，亿万富翁资产总和达到了12.7万亿美元（约合人民币84.6万亿元）。2021年，亿万富翁的总资产相当于近14%的全球国内生产总值。 Gabriela Bucher, executive director of Oxfam International, said that billionaires were arriving at …

Pandemic Wealth Billionaire Extreme Billionaires Extreme Poverty Oxfam

3 years, 1 month ago

Half its original size, Biden’s big plan in race to finish

Associated Press

WASHINGTON — Half its original size, President Joe Biden’s big domestic policy plan is being pulled apart and reconfigured as Democrats edge closer to satisfying their most reluctant colleagues and finishing what’s now about a $1.75 trillion package. He vows any new taxes will hit only the wealthy, those earning more than $400,000 a year, or $450,000 for couples, and …

Climate Change Tax Congress Care Democrats House Biden

3 years, 2 months ago

With Flyers Carrying Burden of Revenue Shortfall, Airport PPP Model is Yet to Deliver

News 18

The government’s announcement of monetizing infrastructure to the tune of Rs 6 lakh crore or just north of USD 81 billion has been met with mixed reactions. And because of how airport development policies have been structured, it is the flying public that pays and carries the burden of making up the revenue shortfalls of airports. Under the old model, …

Development Airport Airports Fees Model Udf Capex

3 years, 3 months ago

Opinion: Billionaires are so over Earth

CNN

Editor’s Note: Dean Obeidallah, a former attorney, is the host of SiriusXM radio’s daily program “The Dean Obeidallah Show” and a columnist for The Daily Beast. Dean Obeidallah CNN In July, we saw two other billionaires head into the clouds on rockets of their own: Richard Branson’s Virgin Galactic flight was followed shortly by billionaire Jeff Bezos on his Blue …

War Earth Musk Billionaire Kennedy Cnn Nasa

3 years, 3 months ago

Centre’s Ambitious Airport Monetisation Plan Cannot Take off without States Pitching in

News 18

With the government’s asset monetisation plan expected to gain traction, investors have already started to evaluate airports in key states and cities across the country. Needless to say, the asset monetisation plan for airports will need states to play an active role. COVID-19 health security—which is also a state subject—has given further impetus to states towards design and delivery of …

India Development Airport States Airports Connectivity Plan

3 years, 3 months ago

As Airport Monetisation Plan Gains Traction, Can't Ignore Stagnant Growth, Job Losses in Aviation Market

News 18

The Government of India and the NITI Aayog recently announced a comprehensive plan for the national monetisation pipeline. The airport capacity challenge Airports are key pieces of infrastructure and it is no surprise that they find themselves figuring in the national monetisation pipeline. India’s airports and operators To build an airport capacity a significant capital investment and talent is required …

India Market Airport Investment Airports Indian Risk

3 years, 5 months ago

Why are billionaires like Jeff Bezos launching themselves into a new space race?

The Independent

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. His exploits also come nine days after Sir Richard Branson’s space travel venture Virgin Galactict took to …

Space Launch Earth Moon Need Bezos Indytech

3 years, 8 months ago

Wanted: A charter on the public purpose of private enterprise

Live Mint

The Indian state has an enormous task ahead of it, to ‘build back better’ an economy that was not growing well before the covid pandemic. Therefore, it is stepping on the accelerator to ‘privatize’ public sector enterprises for funds, and to also get private companies to run these businesses more efficiently. The US Business Roundtable, the chief executive officer of …

India Public Health Financial Performance Indian Purpose Companies

3 years, 9 months ago

Indian Airports Need an Upgrade, but Next Round of Privatisation Faces Unique Challenges

News 18

Until the coronavirus pandemic hit and disrupted the ways of the world, the Indian aviation market was witnessing phenomenal growth. Deviating from PPP Model At the time of writing this, 12 airports, all brownfield, are lined up for potential privatisation while two major greenfield airport projects at Jewar and Navi Mumbai are underway. Because these are smaller cities, each with …

India Aviation Airport Airports Indian Privatisation Next Round

3 years, 9 months ago

Eight English ‘freeports’ to be created with controversial tax breaks

The Independent

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

Brexit Tax Ports Tax Breaks Vat Mr Sunak Freeports

3 years, 9 months ago

Narendra Modi pitches for privatisation, assures govt commitment to asset monetisation

Firstpost

The PM said around 100 under-utilised or un-utilised assets, such as airports, will be monetised to create Rs 2.5 lakh crore of investment opportunities New Delhi: Prime Minister Narendra Modi on Wednesday made his strongest pitch for privatisation of non-strategic PSUs, saying the government has no business to be in business and sustaining loss-making units on taxpayers’ money drains resources …

Business India Money Investment Public Welfare Sector Asset

A billion people and a few billionaires

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