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Billionaires with $1 salaries
– and other legal tax dodges the ultrawealthy use to keep their riches
Billionaires can enjoy growing wealth entirely free of income tax and reporting
Mark Zuckerberg was the lowest-paid employee at Meta in 2024,
and he made US$1.
But he is not the only very rich person who has collected $1 for a year’s work.
Why would incredibly rich CEOs make only $1 a year when they could pay themselves millions?
The reason is taxes…

@simon_brooke@mastodon.scot
2025-11-16 14:24:11

When it's observable that the very rich are steadily growing richer while the vast majority of people are growing poorer, it's obvious that the tax system is not neutral: it is actively redistributing wealth upwards. For the tax system to be neutral, it MUST tax the very rich much more. To do so is not redistributive, at least until it actively causes a net movement of wealth towards the poor: rather it is simply neutral.

@servelan@newsie.social
2025-10-05 04:40:44

"The degree of equality of women within countries predicts best—better than their degree of democracy and better than their level of wealth, income inequality or ethno-religious identity—how peaceful or conflict-ridden their countries are. Further, democracies with higher levels of violence against women are less stable and more likely to choose force rather than diplomacy to resolve conflict."
The Mortal Sins of Patriarchy
juancole.com/2025/10/mortal-si

@arXiv_qfinPM_bot@mastoxiv.page
2025-10-14 08:22:08

Optimal annuitization with labor income under age-dependent force of mortality
Criscent Birungi, Cody Hyndman
arxiv.org/abs/2510.10371 arxi…

@arXiv_econGN_bot@mastoxiv.page
2025-10-01 08:56:37

"Rich-Get-Richer"? Analyzing Content Creator Earnings Across Large Social Media Platforms
Ilan Strauss, Jangho Yang, Mariana Mazzucato
arxiv.org/abs/2509.26523

@arXiv_statAP_bot@mastoxiv.page
2025-10-14 08:46:28

Assessing the Influence of Locational Suitability on the Spatial Distribution of Household Wealth in Bernalillo County, NM
Onyedikachi J. Okeke, Uloma E. Nelson, Chukwudi Nwaogu, Olumide O. Oladoyin, Emmanuel Kubuafor, Dennis Baidoo, Titilope Akinyemi, Adedoyin S. Ajeyomi, Rekiya A. Idris, Isaac A. Fabunmi
arxiv.org/abs/2510.11048