In an analysis of tax and income data from 2000 to 2015, the study found the average entrepreneur made $27,000 annually (in 2012 dollars) at age 25—slightly less than the $29,000 for a paid employee at the same age. But those workers soon switched places, and by age 30 entrepreneurs made $55,000 versus $45,000 for paycheck workers, or 22% more. …
Read More »Pope Leo’s 1st formal interview: Wage inequality, Elon Musk, peace and polarization National Catholic Reporter Pope Leo takes swipe at Elon Musk’s wealth: ‘We’re in big trouble’ The Times The Pope: Let us overcome hatred and violence Vatican News In interview with Crux correspondent, Pope talks Ukraine, synodality, polarization, World Cup Crux | Taking the Catholic Pulse Pope Leo criticises high, Musk-style corporate pay …
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One of the world’s most prominent hedge fund billionaires has warned that rising inequality is turning the US into an autocratic state and condemned business leaders for failing to speak out against Donald Trump’s policies. Ray Dalio, the founder of Bridgewater Associates, said “gaps in wealth” and a collapse in trust were driving “more extreme” policies in the US. Speaking …
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