The Tesla and SpaceX chief has told his followers that they will live in a world where robots will take care of every need and people do not have to work, in what has become his latest slogan.
Category: Income Inequality
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A World Where All Is Free? That’s Elon Musk’s Theory of ‘Sustainable Abundance.’
The New York Times – Business: -
Minimum Wage Rises in Some States as Workers Struggle with Basic Costs
This year, for the first time, more Americans will earn a minimum wage of $15 per hour or higher than will earn the federal minimum of $7.25 per hour.
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New Car Sales Are Rising Thanks to Purchases by the Well-Off
A larger proportion of new cars are being bought by affluent Americans as prices and interest rates for auto loans climb, analysts said.
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Supreme Court Increasingly Favors the Rich, Economists Say
A new study found that the court’s Republican appointees voted for the wealthier side in cases 70 percent of the time in 2022, up from 45 percent in 1953.
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Retirement 2026 by the Numbers
As the new year begins, savings have hit unprecedented levels, but rising health care costs and growing poverty make retirement unaffordable for many.
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A Wealth Tax Floated in California Has Billionaires Thinking of Leaving
It’s uncertain whether the proposal will reach the statewide ballot in November, but some billionaires like Peter Thiel and Larry Page may be unwilling to take the risk.
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When Did Everything Become ‘K-Shaped’?
What started as a term to describe the pandemic recovery has become a catchall in these anxious economic times.
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What’s the Best Way to Give America’s Children $6 Billion?
Michael and Susan Dell are seeding Trump accounts for American children, but the policy, as written, risks leaving out many recipients.
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Trump Accounts, Baby Bonds: Giving Directly to Kids Is an Idea Right and Left Could Love
Michael and Susan Dell’s $6.25 billion donation to child savings accounts fits a trend: giving with no strings attached. In some ways, it’s a bipartisan philosophy.
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How Parents Talk to Kids About Money, Privilege and Inequality
Some parents turn to books or family movie nights to facilitate discussions. But they admit they don’t have all the answers.