Recent weeks have brought three more eye-popping glimpses of our world’s unconscionable concentration of income and wealth . . .
The fabled luxury automaker Lamborghini, for the first time ever, has sold over 10,000 vehicles in a single year. Lamborghini’s current 2024 Revuelto model starts at $608,358 . . .
Google co-founder Larry Page has just expanded his collection of private islands to five. His latest, a isle that sits between Puerto Rico and the British Virgin Islands, sethim back $32 million . . .
The Austrian design firm Motion Code: Blue has released renderings of a new submersible superyacht that can stay underwater for up to four weeks at a time. The 541-foot-long Migaloo M5 also features a built-in swimming pool, a helipad, and a $2-billion price-tag . . .
Why are Austrian designers devoting their talents to fashioning $2-billion baubles for billionaires? Just one reason: Today’s super rich are sitting on mountains of spendable billions.
And what’s raising those mountains of cash? Researchers at Oxfam have a compelling answer to offer in a just-released new analysis.
“The share of national income going to the top 1 percent of earners in G20 countries has increased by 45 percent over the last four decades,” Oxfam notes. “During the same period, the top tax........