Billionaires

MacKenzie Scott donates $640M — more than double her initial plan — to nonprofits

When I heard about MacKenzie Scott’s incredibly generous donation of $640 million to nonprofits, my heart swelled with admiration for her compassion and selflessness. The impact that this enormous sum of money will have on countless individuals and communities is immeasurable. Just the thought of how much good can be done with this donation fills me with hope and gratitude.

The fact that MacKenzie Scott exceeded her initial plan to give back to those in need speaks volumes about her character. It’s not every day that you see someone who is willing to give away such a substantial amount of wealth for the greater good.… Continue reading

Suddenly, it made sense that Trump went to Wharton.

Average isn’t even the number you should look at.

The median number is 34,000.

The median is lower than the average because the top earners earn more than a normal distribution.

What’s even more fun is that billionaires and top “earning” millionaires won’t even be on this list because they record $0 income. The average would be even higher with total earnings.

They make their money (or just support their life style) from moving around assets and selling assets which is not taxable income, it’s “capital gains”. And a lot of times shell companies are used to avoid taxable events. It’s all a big “legit” scam.… Continue reading