Wealth

Have tech companies gotten so big that it’s bad for the economy? Senator Elizabeth Warren says so. She’s proposing to break up not one, but several tech giants, including Amazon, Apple, Facebook and Google. She says they shouldn’t be allowed to both run distributor platforms and compete on them. It’s like being an umpire and
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Patrick T. Fallon | Bloomberg | Getty Images Priscilla Chan, co-founder of the Chan Zuckerberg Initiative Priscilla Chan, who co-founded the Chan Zuckerberg Initiative with her husband, Facebook CEO Mark Zuckerberg, is supporting higher taxes for the wealthy. “For people who can afford it, paying higher taxes is not a bad thing,” Chan said Friday
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The U.S. should increase taxes on the wealthy as the disparity between the rich and poor has reached extreme levels, investor Jeremy Grantham said Thursday. “I arrived in 1964, and America was a fairly equal place with fairly rapid mobility between socioeconomic classes,” Grantham, an investor who manages more than $100 billion in assets at
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Sam Zell, a billionaire businessman and philanthropist, believes the wealth redistribution ideas of far-left Democrats, such as freshman firebrand Rep. Alexandria Ocasio-Cortez, won’t work because Americans would rather earn success than get handouts. “Everyone in America wants to be rich. Everybody in America wants to succeed,” Zell told CNBC on Wednesday. “That’s, by the way,
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There’s little question that technology is shaping the future of our work, our play and even how we form opinions. But who is shaping that technology? It’s been quite an economic run. The stock market has been climbing for a decade, and in that time, tech companies like Apple, Alphabet, Amazon and Facebook have gone
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Franziska Krug | Getty Images Entertainment | Getty Images Karl Lagerfeld attends the ‘Corsa Karl Und Choupette’ Vernissage on February 03, 2015 Karl Lagerfeld’s cat Choupette is reportedly set to inherit some of the Chanel designer’s estimated $195 million fortune. Chanel confirmed on Tuesday that Lagerfeld, who had been the fashion house’s creative director since
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Most high-net worth business leaders insist that the private sector is far better equipped to fix today’s major problems than inefficient or overburdened government bureaucracies. Entrepreneur Arianna Huffington, speaking to CNBC at this week’s World Government Summit in Dubai, pointed to the urgent need for better health care access and said that “corporations can provide
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