I just came across this post by Paul Graham called, “modeling a wealth tax.” It’s from last year, but it recently resurfaced. In it, he paints a scenario. Let’s say you’re a successful entrepreneur in your twenties (i.e. you make some money) and then you… Read More
Global household wealth is currently estimated at about $360 trillion, according to Credit Suisse’s 2019 Global Wealth Report. This represents an increase of about $9 trillion (~2.6%) from 2018-2019. Over the last decade, much of this growth in household wealth has come from two countries:… Read More
Bloomberg recently came up with a new index to define the distribution of wealth across adults in the world. They’re calling it your “net worth number” and the scale ranges from -2 to 11. Sadly, because the gap is so significant between the rich and… Read More
“How are you?” “Busy!” How many of you say this? I say this all the time, even though I am trying to resist and come up with more creative responses. I recently tweeted this idea out and then my friend Brad sent me this article… Read More
Jeffrey Lin, who is an economist at the Federal Reserve Bank of Philadelphia, recently published the following chart: I found it in this Washington Post article. And it’s packed full of fascinating information. The chart compares the socioeconomic status in US cities (y-axis) against “distance… Read More
I just stumbled upon an interesting Architectural Review article from last year called: Architecture is now a tool of capital, complicit in a purpose antithetical to its social mission. The author is Reinier de Graaf, who is an architect and partner at the firm OMA. The focus… Read More
Throughout history, real estate has been a tremendous source of wealth for a lot of people. Many family dynasties were created by accumulating property, holding it, and then riding the valuation wave. Here in Toronto, there was the Reichmann family. At one point they had… Read More
Every year the London-based property consultancy Knight Frank publishes something called The Wealth Report. And it’s one of those reports that I could go through for hours. It includes a ton of really fascinating stats that speak volumes about where in the world wealth is… Read More
This blog post is a submission to a group blogging event being put on by Meeting of the Minds and Living Cities. The focus is on urban opportunity. Click here for more information about the event. Since the beginning of time, the purpose of cities… Read More
James Frank Dy Zarsadiaz (a Ph.D. candidate at Northwestern) published an article in Atlantic Cities a few days ago called, “Why gentrification is so hard to stop.” In it, he essentially talks about how neo-liberalism has allowed private interest to trump public good and how… Read More
