capitalism
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- utopian2
Sixteen major U.S. universities and Ivy League schools have been accused of violating antitrust laws by collaborating to determine student financial aid awards, according to a lawsuit filed Sunday.
The case in Illinois federal court is on behalf of five former students who allege that the universities practiced price-fixing and unfairly limited aid by using a shared strategy to determine financial needs, The Wall Street Journal reported.
The named schools are Yale University, Georgetown University, Northwestern University, Brown University, the California Institute of Technology, the University of Chicago, Columbia University, Cornell University, Dartmouth College, Duke University, Emory University, the Massachusetts Institute of Technology, the University of Notre Dame, the University of Pennsylvania, Rice University and Vanderbilt University.
- grafician-1
"Warren Buffett makes over $120 billion on Apple's rise to $3 trillion, among his best bets ever"
"The 5% Apple stake Berkshire Hathaway acquired in 2018 for $36 billion is now worth $160 billion as the tech giant hit the $3 trillion milestone.
Warren Buffett's conglomerate has also enjoyed regular dividends from Apple, averaging about $775 million annually.
Berkshire's Apple stake now makes up more than 40% of its equity portfolio."
- utopian4
America’s nearly 750 billionaires collectively got $1 trillion richer in 2021, a tax-free 25% gain, according to calculations by Americans for Tax Fairness (ATF) based on Forbes data. Their wealth rose from $4.1 trillion to $5.1 trillion over the 12 months ended on Dec. 31. That wealth rise could fund half of the Democrats’ proposed 10-year, roughly $2 trillion Build Back Better plan of social and environmental investments.
Go here for the full data set and see the top 15 billionaires table below. The number of U.S. billionaires rose from 659 to 736 during the year.
Under current law, none of that gain will ever be taxed unless the underlying assets are sold—something the very rich generally don’t need to do to lead lives of luxury. But if the Billionaires Income Tax (BIT) proposed by Sen. Ron Wyden had been law last year, billionaires would owe up to $240 billion on their 2021 wealth gains, depending on how much of that wealth gain was derived from tradable assets such as stock.
- Right, Build Back Better didn't pass because of insufficient funds.palimpsest
- You seem to be confusing income with growth.Morning_star
- Thanks, Elon.palimpsest
- every single one started as dishwashersandpipe
- Shapeshifters.palimpsest
- That's how investments work. They aren't taxed until they are accessed. They just sit there, so it's all paper money now.formed
- That also contradicts itself. It's click-bait, sensationalized bs. Either state what it is and discuss or don't state anything at all.formed
- (not pointing fingers at you U, but whoever wrote that wrote it to stir emotions, not present reality)formed
- PhanLo5
- Big Pharma, Congress, Wall Street, Doctors, Pharmacists, Lawyers and Street Dealers Alike...Are ALL To Blame.
– God Bless American Greed!utopian - and 0 convictions, yet the guy addicted to these opioids that robs the gas station gets life._niko
- It's good they helped out the heroin dealers by getting 4/5 users started on their drugs.PhanLo
- love Georg Rockall-SchmidtLeigh
- Big Pharma, Congress, Wall Street, Doctors, Pharmacists, Lawyers and Street Dealers Alike...Are ALL To Blame.
- PhanLo0
Trailer for below
- PhanLo0
- simple solution. stop illegal immigration. simple supply and demand economicshotroddy
- nevermind. i didn't read it fully. this is probably happening.hotroddy
- hotroddy.compalimpsest
- LOLpango
- legally speaking, prisoners are slaves.cannonball1978
- sted0
- PhanLo1
- Yes she's the best
https://www.qbn.com/…grafician - The squad aren’t gonna like thisGnash
- The squad probably got a little starte pack to keep them quiet. Nancy needs her ice creams.PhanLo
- Yes she's the best
- palimpsest-2
- It doesn't.Morning_star
- Trickle up economicsIanbolton
- whats happened here is you've mixed up the words AND and BYkingsteven
- Increase min wage, people have more cash, will buy more stocks, so billionaires will get even richer lolgrafician
- We need to increase the minimum wage AND recycle.
Am I doing it right?palimpsest - How does “and” worknb
- Magnets, and how do they work?palimpsest
- Thats £5.42 and hour which is a pittance. (UK its £9.50 for 23 years olds and over)SlashPeckham
- It's Elon Musk's fault.palimpsest
- PonyBoy0
So was it the candle factory or Amazon... or both?
- PhanLo1
- "According to the leak, trusts in several U.S. states — including South Dakota, Florida, Delaware, Texas, and Nevada — were sheltering at ....Morning_star
- least US$1 billion for offshore clients"Morning_star