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Treasury Secretary Janet Yellen | Protecting democracy is vital to safeguard strong economy, 3 May
My conviction is bolstered by economic research, including a recent study finding that democratization increases gross domestic product per capita by about 20 percent in the long run, and by what I have observed and studied throughout my life. But democracy is now under threat. At home, years of attacks on our democratic norms and institutions reached an unprecedented extreme on Jan. 6, 2021, with the attempt to block the peaceful transition of power that is the heart of our (and any other) democracy.
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CYE 2023 real US GDP, + 2.5
CYE 2023 millionaires: US 23.6M (e)
CYE 2023 billionaires: US 748 +6% YoY, worldwide 2,376 +7% YoY
For the first time in nine editions of the UBS Billionaire Ambitions Report, new billionaires acquired greater wealth through inheritance than entrepreneurship.³ A total of USD 150.8 billion was inherited by 53 heirs, exceeding the 84 new self-made billionaires' total of USD 140.7 billion
by Cat on Fri May 3rd, 2024 at 01:52:15 PM EST
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