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Marketwatch (September 20)

2022/ 09/ 22 by jd in Global News

“The number of millionaires in the world is set to nearly double by 2026, despite rising interest rates, looming recession fears and a recent plunge in net worth for some of the world’s wealthiest people.” All told, the number of millionaires “is expected to jump 40% and reach 87.5 million over the next five years.”

 

New York Times (February 1, 2012)

2012/ 02/ 02 by jd in Global News

If implemented, a Buffet Rule that requires “million-dollar earners to pay at least 30 percent of their income in taxes” would lift the tax rates of about 94,500 millionaires and bring in an additional $50 billion. The New York Times calls the Buffet Rule a good start “toward making the rich pay a fairer share and reduce the mounting cuts to government programs that benefit the less fortunate.”

If implemented, a Buffet Rule that requires “million-dollar earners to pay at least 30 percent of their income in taxes” would lift the tax rates of about 94,500 millionaires and bring in an additional $50 billion. The New York Times calls the Buffet Rule a good start “toward making the rich pay a fairer share and reduce the mounting cuts to government programs that benefit the less fortunate.”

 

Bloomberg (June 23)

2010/ 06/ 24 by jd in Global News

Worldwide there are 10 million millionaires. For the first time, Asia and Europe boast the same number of millionaires, about 3 million each. North America has slightly more with 3.1 million. Going forward, Bloomberg reports that wealth in Asia ex Japan “will rise at almost double the global pace.”

 

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