Open Season on the Rich
"Last Monday, protestors gathered outside the Washington and New York homes of the richest person in the world and founder of Amazon, Jeff Bezos, over his company's taxes."Organised by Patriotic Millionaires, a group of millionaires who believe in the rich paying higher taxes, the group targeted Bezos on Tax Day after calculations by the progressive Institute on Taxation and Economic Policy found that Amazon only paid a 9.4% federal income tax rate in 2020, less than half the statutory 21%."The attack on Bezos, which also featured mobile billboards, came despite the retail billionaire coming out in support of President Joe Biden's proposal to increase corporate tax from 21% to 28%."
"A new paper from the San Francisco Federal Reserve shows that, all else being equal, suicide risks are higher in wealthier neighborhoods, a morbid demonstration of the folly of trying to 'keep up with the Joneses.'"Daniel Wilson, senior economist at the San Francisco Fed, and two co-authors found that for two individuals with the same income but living in two different counties, the one who lives in the county with a higher average income is 4.5% more likely to commit suicide."
"The world's richest man is reportedly buying a boat, though that word feels inappropriately sensible for the monstrosity going to Captain Bezos: a 417-foot superyacht that's so massive it has its own "support yacht" with a helipad, according to Bloomberg. The estimated cost, not including the boat's support boat, is $500 million."