Five years ago, Sam Bankman-Fried was working for a charitable organisation that promoted the then-fringe idea of “effective altruism”: using scientific reasoning to figure out how to do the most good for the most people. Then he spotted a seemingly too-good-to-be-true pricing anomaly in Bitcoin and decided that, for him, the right path would be making tons of money to give away.
The surge in costs for everything from fuel to computer chips, to houses and even spinach, has some people fretting over the specter of “hyperinflation” – the phenomenon in which runaway prices destroy the value of a nation’s banknotes and coins.
By Trevor Hunnicutt and Jarrett Renshaw WASHINGTON (Reuters) - A first-of-its-kind proposal from Democratic lawmakers to tax U.S. billionaires on the .
The proposal, set to be unveiled as soon as Tuesday, would require roughly 700 U.S. billionaires to pay taxes annually when their stocks and some other assets increase in value, according to people familiar with the matter.
The proposal, set to be unveiled as soon as Tuesday, would require roughly 700 U.S. billionaires to pay taxes annually when their stocks and some other assets increase in value, according to people familiar with the matter.