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01.04.26 - 12:36
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Yes, the rich must start paying their fair share of taxes | Bernie Sanders (The Guardian)
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We need a 5% wealth tax on America's 938 billionaires. Over a ten-year period, this bill would raise much-needed $4.4tn for public coffersNever before in American history have so few had so much wealth and power. Today, the top 1% owns more wealth than the bottom 93%. One person, Elon Musk, worth $805bn, owns more wealth than the bottom 53% of American households. And that inequality is getting worse. Last year alone, after receiving the one of the largest tax breaks in history from Donald Trump, 938 billionaires in America became $1.5tn richer. Since he was re-elected, Trump and his family have become $4bn richer.Never before in American history have we had such concentration of ownership. While profits soar, a handful of giant corporations dominate virtually every sector of our economy, charging higher and higher prices for the products they sell. Four Wall Street firms combined – BlackRock, Vanguard, Fidelity, and State Street – are the major stockholders of more than 90% of American corporations....
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27.03.26 - 12:18
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The First ETF Ever Created Just Turned 33. Here Is Why It Is Still One of the Most Powerful Investment Available (24/7 Wall St.)
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The first ETF ever created was technically Canadian. That distinction goes to the iShares S&P/TSX 60 Index ETF (TSX: XIU), which traces its roots back to the Toronto 35 Index Participation Units in 1990. But for most investors, especially in the U.S., the ETF story really begins with the State Street SPDR S&P 500 ETF ... The First ETF Ever Created Just Turned 33. Here Is Why It Is Still One of the Most Powerful Investment Available
The post The First ETF Ever Created Just Turned 33. Here Is Why It Is Still One of the Most Powerful Investment Available appeared first on 24/7 Wall St.....
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