wealth
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How Billionaire "Philanthropy" Is Fueling Inequality And Helping To Destroy The Country
Peter Buffett, the second son of billionaire investor Warren Buffett, worries that the state of philanthropy in America “just keeps the existing structure of inequality in place.” At meetings of charitable foundations, he says “you witness heads of state meeting with investment managers and corporate leaders. All are searching for answers with their right hand to problems that others in the room have created with their left.” [...] Read More »
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Nobel Prize-Winning Economist: We're Headed For Oligarchy
In a recent interview at the Economic Policy Institute, Nobel Prize-Winning economist and MIT professor Robert Solow riffed on the political effects of increasing inequality and concentration of wealth at the very top. "If that kind of concentration of wealth continues, then we get to be more and more an oligarchical country, a country that's run from the top," he said.
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Superstar Programmers Are Getting Paid Like Pro Athletes—Tens Of Millions Of Dollars A Year
It’s always nice to be paid your “true value.” Venture capitalist Marc Andreessen says that is what is happening now in the technology industry, where some engineers are drawing multi-million dollar paychecks. Read More »
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Why Medical Costs are Rising
Wealthier nations all spend more on health. However, the U.S. spends well above what would be expected, compared with its peers...Analysts said the condition of Americans’ health did not explain the higher costs. Read More »
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