Wealthy Doctor in Leadership Role Essential for OCBC’s Future CEO Goals
OCBC’s New CEO Faces Unique Challenges (Bloomberg) — As Tan Teck Long steps into the role of chief executive at Oversea-Chinese Bank, one significant hurdle lies in navigating the expectations of the Lee family, its billionaire shareholders. For nearly a hundred years, the Lee family has been the largest stakeholder in this key Southeast Asian […]
Editorial board argues that increasing taxes on the wealthy would be pointless
The Washington Post editorial board expressed skepticism on Monday about raising taxes on America’s wealthiest individuals, a solution often favored by many progressive thinkers. Their editorial, titled “Little to gain by raising taxes on the wealthy,” references a study by three economists from the Joint Committee on Taxation. This research suggests that making significant adjustments […]
Grassroots anti-ICE efforts supported by wealthy progressive donors: sources
It’s the same old financial game, just with a different twist. In Minnesota, the recent protests against ICE might look like a grassroots movement of concerned citizens, but they’re actually fueled by substantial donations, including some from China. Approximately 15,000 activists rallied in snowy Minneapolis on Friday, chanting “ICE out now” and calling for an […]
We’ve Never Felt So Wealthy, but Am I Losing Sight of Our Finances? A Summary of 2025 and Our Aspirations for 2026
If we were hoping for some kind of stability in our lives, 2025 has proven us wrong. This year has been pretty uneventful in terms of finances, which is a good thing overall, but doesn’t give much to write about for a financial blog. On the other hand, both in our personal and professional lives, […]
Mamdani’s tax push on NYC’s wealthy starts — says Adams made it necessary due to budget issues
Mamdani Proposes Tax Hike for Wealthy New Yorkers With his term coming to an end in under a month, New York City’s recently appointed Democratic Socialist, Zoran Mamdani, has put forward a plan to increase taxes on the wealthiest residents. He attributes the city’s budget issues to former Mayor Eric Adams, claiming he mismanaged funds. […]
Hospitals investigated for allegations that American donor organs were provided to wealthy foreign patients
Investigation Launched into Hospital Practices Regarding Organ Transplants Currently, over 100,000 Americans are on the waiting list for organ transplants, and every year, thousands die before receiving the necessary treatment. Amidst this ongoing crisis, lawmakers are initiating a congressional investigation into two prominent hospital systems following allegations that they permitted wealthy foreign patients to bypass […]
Scott Bessent confronts Newsom at Davos, mentioning his wealthy supporter, Alex Soros.
Scott Bessent Critiques Gavin Newsom at Davos Treasury Secretary Scott Bessent launched a pointed critique of California’s Democratic Governor, Gavin Newsom, during the World Economic Forum held in Davos, Switzerland. Newsom has leveraged the forum to voice criticisms against President Donald Trump as he seeks to bolster his national and international presence ahead of a […]
The departure of wealthy individuals from California due to a tax could change the state.
California’s Proposed Billionaires Tax Sparks Concerns Over Economic Impact California is contemplating a “billionaires tax” that could drive wealth out of the state, endangering its tax revenue, budget stability, and political influence. Proposed by Governor Gavin Newsom, this measure would impose a one-time 5% tax on individuals whose assets exceed $1 billion, including unrealized gains. […]
Wealthy Investors Divest from Amazon Shares and Invest in a BlackRock ETF That May Surge Up to 13,500%, Say Wall Street Analysts
Key Highlights During the third quarter, hedge fund billionaires Philippe Laffont and Steven Schoenfeld divested from Amazon and increased their holdings in the iShares Bitcoin Trust. Wall Street anticipates Amazon’s profit growth at a 19% annual rate over the next three years, suggesting its current price-earnings multiple of 34 is reasonable. The momentum is expected […]
Wealthy Californian tax could jeopardize capitalism and business job growth
California’s Billionaire Tax Proposal Raises Concerns It’s interesting how California has managed to secure its place as the fifth largest economy in the world. The rise of Silicon Valley didn’t come from government regulation, nor did Hollywood become a storytelling giant due to bureaucratic planning. It was entrepreneurs, innovators, and risk-takers who built California, driven […]