In the 1880s, the mark of consumption among elites was replacing gaslights for electric ones. Today it is the replacement of electric ones for useless decorative gas lights that constantly burn. We see these in many wealthy neighborhoods in Chicago.
I really don't know about the mechanics of this system. Nor do I know anything about the people. Just always find such fixtures strange.
Did you know that #Shinzo Abe's grandfather was known as a #monster?
This is a 19-point #thread on the tumultuous years during & after #WW2 from Japan's POV, on the #problem of #US peace-keeping efforts & on Japan's ongoing nepotism issues.
5/ During the 4 yr operation, Kishi infamously said that he "came so much, it was hard to clean it all up", referencing his extreme womanising & lavish spending. His #wealth came from investing governing funds into the #Opium#trade.
European nations grapple with a wave of public spending needs (energy transition, industry reinvestment, social programs etc.) in a sluggish economy. To get by, they face a stark choice: cut spending (as many are) – or increase #tax revenue by targeting the wealthy, who currently pay relatively little.
This EDJNET investigation explores the #wealth disparity across #Europe and the potential benefits of systematically taxing the super-rich.
You, dear reader, should peruse it, but even if you don't, understand this: When somebody's #wealth reaches a certain point it just keeps growing, on its own, like a giant, malignant tumor. The superrich have all their time free to further reshape society for their own benefit; they need do nothing for their mountainous quantities of passive riches - the most useless & harmful substance in the world - to multiply.
@jwcph "You, dear reader, should peruse it, but even if you don't, understand this: When somebody's #wealth reaches a certain point it just keeps growing, on its own, like a giant, malignant tumor. "
This is why we have to eat the rich, in order to protect them from their malignant tumor.
This excellent and very well informed discussion between @thecommongreen and @RichardJMurphy on taxing #wealth is very well worth an hour of your time.
The Common Weal Policy Podcast: Episode #205 - Taxing Wealth
Trump stands to gain billions… from the merger between TrumpMedia & Tech & the blank-check co [#SPAC] #DWAC, which took the parent company of #TruthSocial public.
In total, the doc showed that the trust transferred $4.8m to #Postolnikov’s acct….
The reason for the #ESFamilyTrust’s creation remains unknown. Aside from the #money that went to #TrumpMedia, the trust’s statements show the trust has directly invested money w/only two other companies: $10.8m to Eleven Ventures LLC, a #VC firm, & $1m to Wedbush Securities, a #wealth management firm.
"For the second year running, luxury goods magnate Bernard Arnault is the richest person in the world, ranking number one on Forbes’ World’s Billionaires list.
Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else by Chrystia Freeland
There has always been some gap between rich and poor in this country, but in the last few decades what it means to be rich has changed dramatically. Alarmingly, the greatest income gap is not between the 1 percent and the 99 percent, but within the wealthiest 1 percent of our nation.
Why isn’t rising inequality turning into a poll issue?
The view from the penthouse and the pavement is staggeringly different. India’s penthouse story is galloping while millions remain poor and 800 million survive on free foodgrains from the government. Patralekha Chatterjee writes.
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Stellar Price Prediction - 2023, 2024, 2025, 2026 - 2030 (coinpedia.org)
Stellar Price: CoinPedia's XLM price illustrates the possible price projections for 2023 - 2025 and the years to come.