One of the most interesting stories to come out of the Facebook IPO windfall is that of David Choe, the scrappy street artist who was given the choice of cash or stock for the murals he created in the company’s first headquarters. Read full article > >
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David Choe, the art world’s soon-to-be Facebook millionaire
Facebook’s public offering will make a lot of billionaires and millionaires, some of them prominent people and others not.
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For Founders to Decorators, Facebook Riches
The start-up boom means there are more freshly minted millionaires looking to manage their wealth. And Wall Street firms are happy to help, for a fee.
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DealBook: Wall Street Jostles to Help Silicon Valley Manage Newfound Wealth
Need another reason to be angry at Washington? The average net worth of members of Congress has grown 15 percent since 2004, even as the average American’s net worth has dropped 8 percent. Nearly half of all members of Congress are millionaires. The median net worth for a member of Congress, according to The New York Times, is $913,000; in the House it’s $725,000 excluding home equity, says The Washington Post . One reason that both the Times and Post cite for the growing wealth of politicians is the enormous cost of running a campaign: since 1976 the average amount that winning House candidates spend has quadrupled to $1.4 million.
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Congress’s Wealth Grew During Crisis
Senate Democrats on Monday unveiled a scaled-back version of a bill to extend the payroll tax holiday, but one that still pays for the cuts by taxing millionaires at a higher rate that Republicans have opposed. At the White House, President Obama urged congressional Republicans to join Democrats in approving the extension, arguing that it is urgently needed to prevent what would amount to a tax hike on middle-class families next year. Read full article > >
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Senate Democrats unveil scaled-back extension of payroll tax holiday
Officials said Gov. Andrew M. Cuomo’s “comprehensive reform” would include raising taxes on the wealthy but letting the millionaires’ tax lapse as scheduled.
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Cuomo Calls for Stimulus Package in Addition to Tax Reform
A multi-millionaire businessman who donated money on the request of former Defence Secretary Liam Fox says he feels it was wasted.
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Fox scandal donor felt ‘mugged’
Was hard not to be a bit skeptical Monday when liberal think tank Center for American Progress unveiled a 1985 speech by President Ronald Reagan that made it seem he was the forefather of President Obama ’s class warfare on job creators. “We’re going to close the unproductive tax loopholes that have allowed some of the truly wealthy to avoid paying their fair share,” Reagan said in a speech to high school students. The loopholes “sometimes made it possible for millionaires to pay nothing,” he said, “while a bus driver was paying 10 percent of his salary, and that’s crazy. It’s time we stopped.” Read full article > >
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Ronald Reagan, the original class warrior?
Patti Stanger, the star of Bravo’s “The Millionaire Matchmaker,” issued an apology for saying gay men have difficulty staying monogamous.
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‘Matchmaker’ sorry for gay men remark
Patti Stanger, the star of Bravo’s “The Millionaire Matchmaker,” issued an apology for saying gay men have difficulty staying monogamous.
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‘Matchmaker’ sorry for gay men remark
This past week, President Obama tried to sell his new “millionaires’ tax” to the Rust Belt. “What’s great about this country is our belief that anyone can make it,” he said in Cincinnati on Thursday, praising “the idea that any one of us can open a business or have an idea that could make us millionaires.” But who are the millionaires Obama is talking about? And will a tax on them help the economy? Let’s examine a few presumptions about the man with the monocle on the Monopoly board. Read full article > >
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Five myths about millionaires
Slams proposal to hike rates on millionaires.
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Ryan: Obama Tax Is ‘Class Warfare’
The millionaire owner of the Segway company, Jimi Heselden, leaves an estate of more than £340m to his family.
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Segway man leaves £340m to family
The partner of a millionaire estate agent is found guilty of using a fake will after he died when she learned his divorce from his wife was never finalised
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Millionaire’s partner faked will
DealBook: Wall Street Jostles to Help Silicon Valley Manage Newfound Wealth
Monday, January 16th, 2012Senate Democrats unveil scaled-back extension of payroll tax holiday
Monday, December 5th, 2011
