#wealth-distribution

#wealth-distribution

The new tax legislation increases the state and local tax (SALT) deduction cap from $10,000 to $40,000, overwhelmingly benefiting wealthy taxpayers in high-tax states.

Participatory grantmaking may be a new trend in philanthropy, but community-driven giving practices have been around since the beginning of time. These practices provide valuable lessons for philanthropy, particularly from those historically marginalized in it.

At the dawn of the millennium, there were just over 13 million EMILLIs worldwide. Fast forward to the end of 2024, and that number had skyrocketed to nearly 52 million, a more than fourfold increase in less than a quarter-century.

Sam Altman expressed pride in being American, emphasizing that the American miracle is unparalleled in history, and education is vital to maintaining America's edge.

"The more likely scenario to me looks much more like 'Mad Max: Fury Road,' where everybody is competing over a few remaining resources that aren't controlled by some warlord somewhere."

Rangel was a longtime U.S. congressman from Harlem and the chair of the Ways and Means Committee, considered the most important committee in the House.

A strong inward flow of millionaires creates a positive, self-reinforcing loop, as America is home to the largest, deepest capital market and is attractive to the wealthy.