Animesh's Coaching

 938 billionaires hold $8.2 trillion. A 5% tax could fund $12,000 payments to every working family. Sen. Bernie Sanders and Rep. Ro Khanna introduced the Make Billionaires Pay Their Fair Share Act, proposing a 5% annual wealth tax on assets exceeding $1 billion. The bill targets all 938 U.S. billionaires, who hold roughly $8.2 trillion combined, and is projected to generate $4.4 trillion over the next decade. In its first year, every individual in households earning under $150,000 would receive $3,000, meaning a family of four could get $12,000. Remaining funds would expand Medicare to cover dental, vision, and hearing, raise the minimum teacher salary to $60,000, cap childcare at 7% of income, and fund over 7 million affordable homes. Under the plan, Elon Musk would owe about $42 billion, Bezos and Zuckerberg roughly $11 billion each. Critics argue the projections are overstated and don't account for tax avoidance. The bill has no path forward in a Republican-controlled Congres...

source: net  Financial stability in the Gulf has been hit by the Iran-Israeli-US military conflict . Profits in the energy business have fallen significantly. The pressure on the global economy is increasing due to the impact of the Iran War. The Financial Times reported that as the pressure on the economy is increasing due to the US-Israeli military aggression against Iran, important Gulf countries such as Saudi Arabia , the United Arab Emirates , Kuwait and Qatar are reconsidering their investment obligations, commitments and commercial agreements. The Times reported, citing the leaders of the Gulf countries, that these countries have started internal discussions to examine whether the ‘Force Majeure’ clause (temporary or permanent exemption of the parties concerned from the obligation to fulfill their contractual obligations in situations of war, natural disasters) will be applied to current agreements. They are also reviewing current and future investment commitments to ease...