Wealthy Chinese hire American surrogate mothers to carry ‘designer’ babies

Surrogacy agencies in both countries say demand has risen rapidly in the last two years.

Rich Chinese couples are hiring American women to serve as surrogates for their children, creating a small but growing business in $120,000 “designer” American babies for China’s elite.

 

 

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Gas Prices Widening Gap Between Wealthy and Everyone Else

saks 

The rich are back to pre-recession-style splurging.

A wider wedge is being driven between the wealthy and everybody else due to high gas prices.  The rich are back to pre-recession-style splurging: Saks Fifth Avenue and Nordstrom customers are treating themselves to luxury items like $5,000 Hermes handbags and $700 Jimmy Choo shoes, and they’re paying full price.

 

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Julian Assange Pledged to Reveal Confidential Tax Details of 2,000 Wealthy People

[youtube]http://www.youtube.com/watch?v=Iqvf0hXFQUg[/youtube]

Julian Assange, the WikiLeaks founder, today pledged to make public the confidential tax details of 2,000 wealthy and prominent individuals, after being passed the data by a Swiss banker who claims the information potentially reveals instances of money-laundering and large-scale illegal tax evasion.

 

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Rich Political Candidates Who Invest In Themselves Rarely Meet with Success

Campaign_Cash

Millionaires and billionaires  are spending their fortunes in hopes of winning elected office.

Even as the public’s disdain for politics and politicians rises to historic levels, a new crop of millionaires — and billionaires — is spending freely from their fortunes in hopes of winning elected office.

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Recession Hits Wealthy Too as More Private Planes are Being Repossessed

airlinerepox

This 1941 Stearman, worth about $400,000, was repossessed.

The recession isn’t just stripping the middle class of their prize possessions. The wealthy are losing out, too.In the past few weeks, Ken Cage, who specializes in repossessing private planes, says he’s recovered two jets worth a combined $7.1 million.

 

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Entrepreneurship’s evolution

Entrepreneurship’s evolution

The emergence of empires of one, business colonies and seed capitalists

The importance of stimulating entrepreneurship has not been lost on Asian nations. Communist Youth League of China will set up a fund to help young people establish their own businesses, as part of efforts to ease employment pressures, particularly among graduates, China.com reported in February.

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Watching The Income Tax System Implode

 Watching The Income Tax System Implode

When it comes to our tax systems, we are living in caveman times

In the movie The Day After Tomorrow, survivors stranded in a library are easily persuaded to burn the multi-volume IRS Tax Code to stay warm. In this fictional scenario, the question one might ask before securing a match: Why did we wait until the end of the world?

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