Latest news with #wealthcreation
The Guardian
11 hours ago
- Business
- The Guardian
Who are the real wealth creators? And does inheritance tax really put off entrepreneurs?
David Biesterfield opposes a wealth tax by arguing that 'better public services depend on the encouragement of wealth creation, not its disincentivisation' (Letters, 27 May). Where is the evidence for this? We have been facilitating 'wealth creation' for most of the last 45 years via huge tax cuts for the mega-rich, allowing CEOs and bankers to 'earn' millions in salaries and bonuses, permitting buy-to-let landlords to charge exorbitant rents, and relentless privatisation purportedly to create a dynamic enterprise economy. Yet our public services are in a state of utter destitution. So where, or to whom, has all the wealth gone? Has it flowed upwards, rather than trickled down in the manner that Conservatives promised us? Mr Biesterfield may envisage wealth creators as multimillionaire business tycoons and plucky, swashbuckling entrepreneurs, but many of the wealthy are merely appointed to senior posts in business and finance, rather than creating industries themselves. The real wealth creators are the hardworking people who do the daily job of making and selling the products and services that earn the profits, and ultimately fund the huge salaries and dividends enjoyed in the boardroom. Pete DoreyBath Can we put to bed this idea of double taxation on inheritance that David Biesterfield propounds. Most inheritance is based on the sale of a house that has accumulated in value without anyone having had to do anything to create the increase. The community is perfectly entitled to take a share of this wealth to help others less fortunate create actual wealth for the benefit of DorrilNetherthong, West Yorkshire David Biesterfield asserts, without evidence, that inheritance tax disincentivises wealth creation. Perhaps he does know someone who was going to start a business and thought: 'But wait a minute, if it's really successful and worth, say, £200m when I die, my heirs will only inherit £120m because of inheritance tax. I'm not going to bother!' I suggest that such people are in a minority, however. It's not a line of argument I've ever seen on Dragons' Den, for CosgroveMacclesfield, Cheshire Have an opinion on anything you've read in the Guardian today? Please email us your letter and it will be considered for publication in our letters section.
Globe and Mail
5 days ago
- Business
- Globe and Mail
From Fitness Metaverse to Financial Mastery: Code of Bounty Redefines Wealth Creation in the Digital Age
Dallas, TX - CODE OF BOUNTY: Wealth Creation for Athletes and Artists by Elvis Swifty is not just a story—it's a revolutionary roadmap for building wealth at the intersection of technology, art, and sport. Drawing inspiration from George S. Clason's The Richest Man in Babylon, Swifty reimagines time-tested principles through the lens of XR (Extended Reality), gamified fitness, and narrative branding. THE XR REVOLUTION: WHERE ATHLETICISM BECOMES ART AND ENTERPRISE In Swifty's immersive world, the XR Revolution transforms physical movement into economic momentum. Through virtual landscapes, biometric workouts, and interactive tools like the Icaros™ flying machine, readers explore a new creative economy where athleticism meets innovation. The fitness metaverse, as presented through the ThriveXR studio, becomes both playground and platform for scalable wealth. Swifty illustrates how bold storytelling unlocks new levels of value. A YouTube megastar develops an unexpected bond with a Tesla Optimus robot; a high-stakes auction at Christie's sees a celebrity investor bid $450 million for a single painting. These cultural flashpoints represent how emotion, tech, and branding now drive economic gravity. GUIDING LIGHT: MINDSET AS A CATALYST FOR PROSPERITY Through "Guiding Light" mantras placed at the end of each chapter, Swifty encourages readers to embrace an internal transformation. These affirmations equip athletes and creators to rewire limiting beliefs and unlock lasting prosperity—a mindset shift essential in an age where AI, avatars, and immersive platforms dominate. FUTURE-FACING STRATEGIES FOR A NEW GENERATION OF CREATORS Swifty builds on Elon Musk's projections for 2028, forecasting a world where AI-enhanced platforms and XR interfaces are core to influence and income. CODE OF BOUNTY provides both a compelling story and actionable frameworks for leveraging future trends. Highlighting immersive events like the Sensational Art & Athletic Tournament with real-world cash prizes, the book shows how competition and creativity can coexist in profit-driven ecosystems. Swifty also investigates timeless mysteries through a contemporary lens. In the chapter Mona Lisa's Secret Revealed, he deconstructs how myth, perception, and storytelling turned one painting into a global phenomenon—a metaphor for how creators can elevate their personal brands. ABOUT THE AUTHOR Elvis Swifty is an award-winning entrepreneur and creative force known for blending financial insight with visionary storytelling. A graduate of Stanford University and St. Mark's School of Texas, Swifty is also the founder and CEO of BeTells Creative, the world's top-ranked reality TV agency. His innovative approach has made him a respected figure across entertainment, technology, and business. An Oscar winner and high school inspiration to global icon Coco Oprahprada, Swifty now plays a pivotal role in her creative ventures. CODE OF BOUNTY is his debut book, a testament to his passion for AI, financial literacy, and immersive storytelling. CODE OF BOUNTY: Wealth Creation for Athletes and Artists is now available on: Stay connected for updates, insights, and inspiration. Connect with Elvis Swifty at: Email: jc@ Phone: (214) 363-3400 Media Contact Company Name: US Books Publisher Contact Person: Elvis Swifty Email: Send Email Phone: 954-852-7004 City: Dallas State: TX Country: United States Website:
Yahoo
19-05-2025
- Business
- Yahoo
SBM Bank India seals bancassurance deal with ICICI Prudential
SBM Bank India has signed a bancassurance alliance with ICICI Prudential Life Insurance Company, as it looks to broaden its offerings. Through the tie-up, the bank aims to provide its customers with a range of planning products to support their financial objectives. These products include cards, foreign exchange, insurance, investments, lending, remittance solutions, savings and current accounts, term deposits and other financial products, catering to various customer segments such as SBM private, wealth, digital and asset-focused clients. In line with its 'two-pronged strategy', SBM Bank India is extending its physical branch network while simultaneously enhancing its digital banking capabilities to increase its market footprint. Currently, the bank has 22 branches throughout the country. The collaboration will enable the bank to offer solutions ranging from term insurance and long-term savings to wealth creation products and retirement income planning. ICICI Prudential Life Insurance chief product and distribution officer Amit Palta stated: 'We are happy to partner with SBM Bank India and believe it is a step towards our goal of making life insurance solutions easily accessible to customers. Also, it fortifies our position as being the most customer and distributor-friendly life insurer in the country. 'By combining our innovative, future-ready insurance solutions with SBM Bank's diverse customer base that includes retail and NRI customers, corporates and institutions – we are enabling broader access to comprehensive financial protection across the country.' SBM Bank India retail banking head Nikhil Rajadhyaksha said: 'Through this strategic partnership, we are committed to expanding financial security and offering a comprehensive suite of insurance solutions tailored to evolving customer needs. 'By combining ICICI Prudential Life Insurance's innovative product portfolio and digital expertise with SBM Bank's vision of becoming a financial supermarket, we aim to deliver seamless, customer-centric solutions that enhance financial well-being and empower individuals with greater financial protection.' Since starting operations in fiscal year 2001, ICICI Prudential Life Insurance has been offering protection and savings products. It also launched ICICI Pru Stack, a platform that leverages digital tools and analytics. "SBM Bank India seals bancassurance deal with ICICI Prudential " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Times
17-05-2025
- Business
- Times
Rich List tycoonstell Rachel Reeves her tax will kill family firms
Leading businessmen have warned Rachel Reeves that her tax rises will 'kill the geese that lay the golden eggs' after The Sunday Times Rich List showed a record drop in the number of British billionaires. The chancellor's plans to raise capital gains and inheritance taxes next year are expected to drive more wealth creators out of the country, accelerating an exodus triggered by April's dropping of 'non-dom' status. There are 156 billionaires in this year's Rich List: 21 fewer than at the peak in 2022 and nine less than last year. The combined wealth of the 350 Rich List entries (those worth £350 million and over) fell by 3 per cent to £772.8 billion. A third successive year of declining wealth and a falling
CNA
15-05-2025
- Business
- CNA
CNA938 Rewind - Author & Real Estate Boss Kelvin Fong's 'Elevate Your Assets, Elevate Your Wealth'
CNA938 Rewind Play 30 mins In 'Culture Club' Melanie Oliveiro speaks with Kelvin Fong, Deputy CEO of real estate agency PropNex Realty, and author of 'Elevate Your Assets, Elevate Your Wealth'. Fong will discuss how his book offers wealth creation strategies through real estate investment. He'll also answer common questions asked by property investors, such as: At what stage of my life should I buy property? How advisable is it to buy industrial properties or own a home overseas? How will the ongoing geopolitical tensions and global tariff tensions affect my mortgage? CNA938 Rewind - Faster than ever - 5G+ is here in Singapore Singtel has unveiled its new 5G plus network, promising speeds up to four times faster than the current 5G. Lance Alexander speaks to Associate Professor June Tay, Head of the Digital Media Programme at SUSS, to explain what this means for your phone and data usage. 11 mins CNA938 Rewind - Exploring the American outdoors with influencer Andre Carrillo In 'Destination Anywhere', Melanie Oliveiro speaks to Andre Carrillo: Filipino American traveller, influencer and video content creator. Carrillo talks about exploring Redding in Northern California and Denver, Colorado - two regions in the United States that are outdoor havens for nature lovers. View Andre's many adventures on Instagram @andrercarrillo. 20 mins CNA938 Rewind - Author & Real Estate Boss Kelvin Fong's 'Elevate Your Assets, Elevate Your Wealth' In 'Culture Club' Melanie Oliveiro speaks with Kelvin Fong, Deputy CEO of real estate agency PropNex Realty, and author of 'Elevate Your Assets, Elevate Your Wealth'. Fong will discuss how his book offers wealth creation strategies through real estate investment. He'll also answer common questions asked by property investors, such as: At what stage of my life should I buy property? How advisable is it to buy industrial properties or own a home overseas? How will the ongoing geopolitical tensions and global tariff tensions affect my mortgage? 30 mins CNA938 Rewind - Hey Taylor – a Made in SG Women's Health Clinic and App In 'Made in SG' Melanie Oliveiro speaks with the co-founders of Hey Taylor marketed as Singapore's first hybrid women's health clinic and app. Eve Lee and Dr Jody Paige Goh explain why they set up the practice which provides primary care designed around women's lives and healthcare needs. They'll explain how the clinic & app function to combine medical depth with tech-enabled care, designed to support women across every stage of life - offering primary care treatment, fertility screenings, menstrual and menopausal care and hormonal care consultations.
