Proximity Wealth: Washington, Delhi, and Fortunes Built Next to Power
DC’s luxury home market is booming not from tax flight but from wealth paying record prices for proximity to power. The same trade freezes Delhi’s Lutyens’ bungalow market.
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Seized: The Government Resale Market for Oligarch Toys
The US government spent $30 million keeping a seized superyacht alive, then sold it for $187 million to a 27-year-old in Dubai. Inside the resale market that sanctions enforcement quietly created.
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The Depreciation Machine: Why a $12.5B Sports Team Is a Tax Shelter
The Lakers sold for $12.5 billion. Under Section 197, nearly that entire price becomes a deduction spread over fifteen years. Here is how the sports-team tax structure actually works.
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Renting the Rich Life: The Non-Millionaires Propping Up the Luxury Economy
McKinsey found that 35% of luxury-travel spending comes from people worth under $1 million. When those buyers stepped back, luxury margins fell to their 2009 level. Here’s who is really funding the luxury economy.
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Time: Millionaires of 1925
In 1924 and 1925 Congress made every American’s income tax bill public, and newspapers printed the lists. What they showed about wealth in the year The Great Gatsby was published — and why only 207 tax returns in the country reported a million-dollar income.
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“More Likely to Be Homeless Than a Millionaire”: What Americans Now Believe About Wealth
Three in five U.S. voters say they are likelier to become homeless than a millionaire. Two independent 2026 polls agree on why — and the arithmetic only half agrees.
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The Price of Not Being Taxed: Inside the $166 Million Campaign Against Prop 40
Sergey Brin would reportedly owe about $13 billion if California’s Prop 40 passes. He has spent roughly $122 million to stop it — and most of it went to two other propositions.
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The Million Dollar Question: What’s the typical annual carrying cost of a $10 million estate?
Owning a $10 million estate costs roughly 3 to 5 percent of its value every year in property tax, insurance, and maintenance, before a single staff member is hired.
