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The Latest Breaking News from Chuck Collins

More States Are Taxing the Ultra-Rich — Washington Is the Latest

As inequality grows, states are stepping up where the federal government hasn’t.

Capital & Main

Billie Eilish to billionaires: 'No hate, but give your money away, shorties”

Grammy and Oscar winner Billie Eilish called on billionaires to give away more of their wealth

The Independent UK

Bill Gates and Warren Buffett's Giving Pledge after 15 years: Only 9 of the 256 billionaires actually followed through on giving away half their wealth

The Giving Pledge invites the world’s wealthiest to publicly commit to giving away at least 50% of their wealth. The Institute for Policy Studies has the receipts.

Fortune

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read the most diverse news in one place.

Trump promised riches from ‘liquid gold’ in the US. Now fossil fuel donors are benefiting

How Kelcy Warren, one of Trump’s biggest industry backers, and his pipeline firm are likely to flourish in his second term

The Guardian - US

World leaders at Davos need to tax millionaires like me. The fate of our planet and democracy depends on it

The ultra-rich pose a threat to our democratic institutions—and the problem will deepen if extreme wealth is left unchecked.

Fortune

‘Magical thinking’: hopes for sustainable jet fuel not realistic, report finds

IPS report says replacement fuels well off track to replace kerosene within timeframe needed to avert climate disaster

The Guardian - US

Why most millionaires want a wealth tax

Inequality expert Chuck Collins explains how "wealth is a type of disconnection drug"

Salon

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The running of the bulls in the 2023 stock market was more like the waddle of the fat cats

A record 93% of stock wealth is owned by the richest 10%, the Federal Reserve has found. It means the huge rally of 2023 swelled an already full wallet.

Fortune

Tis the season for giving: A guide for how to give, even a little

Christmas is over, but giving season for nonprofits is just starting to peak

The Independent UK

Ultrawealthy charities that are helping no one and report nothing cost U.S. taxpayers billions every year, report says

1 in 4 charitable dollars goes into 'dark money' funds that have no obligation to actually donate to charity—but their donors still get all the benefits

Fortune

Fidelity Charitable: New grants to surpass deposits in 2022

Fidelity Charitable, the nation’s largest grantmaker, expects 2022 will be the first year since 2018 that the value of grants from its donor advised funds exceeds the value of investments going into the funds

The Independent UK

Will plunging shares end big tech’s era of ‘pornographic’ profits?

After the astonishing wealth earned during lockdown, investors fear times may never be as good again for Silicon Valley’s giants

The Guardian - US

Fidelity Charitable sets $4.8B record in grants for 6 months

Donations from Fidelity Charitable climbed 11% to a record $4.8 billion for the first half of 2022

People

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Patriotic Millionaires

the Institute for Policy Studies

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