I'm rich, but I'm not a HNWI. Being rich means I can afford housing, food, education, a car, the occasional vacation and healthcare. You know, all the things the "middle class" used to be able to afford but can't any more.
HNWIs can afford vacation homes, private jets, politicians, luxury goods.
HNWIs can afford vacation homes, private jets, politicians, luxury goods.
February 28, 2026 at 5:03 PM
I'm rich, but I'm not a HNWI. Being rich means I can afford housing, food, education, a car, the occasional vacation and healthcare. You know, all the things the "middle class" used to be able to afford but can't any more.
HNWIs can afford vacation homes, private jets, politicians, luxury goods.
HNWIs can afford vacation homes, private jets, politicians, luxury goods.
Don't raise the retirement age. Lift the SSI tax cap. Make HNWIs and high-income earners pay SSI tax on all of their earnings like the rest of us.
July 8, 2025 at 2:58 PM
Don't raise the retirement age. Lift the SSI tax cap. Make HNWIs and high-income earners pay SSI tax on all of their earnings like the rest of us.
"The research is clear: at the very top of the distribution, the super-rich pay less tax relative to their economic income than the rest of the population—fuelling inequality. Taxing HNWIs brings direct revenue & indirectly boosts funding by rebuilding tax consent." @qparrinello.bsky.social at #FfD4
July 1, 2025 at 3:12 PM
"The research is clear: at the very top of the distribution, the super-rich pay less tax relative to their economic income than the rest of the population—fuelling inequality. Taxing HNWIs brings direct revenue & indirectly boosts funding by rebuilding tax consent." @qparrinello.bsky.social at #FfD4
This not an isolated example though? I'd go upstream and say extrapolating significant life events from people's travel plans is intrusive and weird, and requires at least one more stage of diligence before action. If HMRC are going to pilot they should do so with HNWIs who have accountants etc
October 30, 2025 at 12:43 PM
This not an isolated example though? I'd go upstream and say extrapolating significant life events from people's travel plans is intrusive and weird, and requires at least one more stage of diligence before action. If HMRC are going to pilot they should do so with HNWIs who have accountants etc
Others suggested that defining HNWIs could help implementation, though no consensus emerged. Proposals included using income or wealth thresholds, or adopting national definitions.
February 4, 2026 at 1:25 PM
Others suggested that defining HNWIs could help implementation, though no consensus emerged. Proposals included using income or wealth thresholds, or adopting national definitions.
Leistungsgerechtigkeit hieße, Arbeitseinkommen nicht deutlich höher zu belasten, als Kapitaleinkommen, die Depressivität bei sehr hohen Vermögen zu korrigieren. Insbesondere bei der Erbschaftssteuer zahlen HNWIs keine Steuern und,arme‘ reiche hohe Steuern.
August 21, 2025 at 1:11 PM
Leistungsgerechtigkeit hieße, Arbeitseinkommen nicht deutlich höher zu belasten, als Kapitaleinkommen, die Depressivität bei sehr hohen Vermögen zu korrigieren. Insbesondere bei der Erbschaftssteuer zahlen HNWIs keine Steuern und,arme‘ reiche hohe Steuern.
Nigeria 🇳🇬 and Zambia 🇿🇲 pushed to replace the word “explore” with concrete language committing States to adopt coordinated approaches to ensure HNWIs pay their share.
February 4, 2026 at 1:25 PM
Nigeria 🇳🇬 and Zambia 🇿🇲 pushed to replace the word “explore” with concrete language committing States to adopt coordinated approaches to ensure HNWIs pay their share.
Honestly, there are worse things HNWIs could do than sit on treasuries or MMFs. (And they have.) Let alone a stablecoin with AUM north of 10 digits.
The thing about tether that gets me is that its like a 20 person company with 118 billion in assets. They could sit on treasuries and make like 5 billion a year, but instead they continuously make some of most risky illiquid bets out there.
Its honestly incredible
Its honestly incredible
Tether said it’s acquired a minority stake in Juventus Football Club
February 14, 2025 at 4:05 PM
Honestly, there are worse things HNWIs could do than sit on treasuries or MMFs. (And they have.) Let alone a stablecoin with AUM north of 10 digits.
"Scientific evidence is clear: tax progressivity drops at the top, eroding trust and domestic revenue mobilization. As we head to #FfD, it’s vital that fair taxation of HNWIs remains front and center — and that we build coalitions of the willing to advance the agenda." 💬 @qparrinello.bsky.social
April 29, 2025 at 2:16 PM
"Scientific evidence is clear: tax progressivity drops at the top, eroding trust and domestic revenue mobilization. As we head to #FfD, it’s vital that fair taxation of HNWIs remains front and center — and that we build coalitions of the willing to advance the agenda." 💬 @qparrinello.bsky.social
tbf this specific situation seems to be byproduct of treating HNWIs as the biggest mark by the alternatives industry
November 18, 2025 at 6:42 PM
tbf this specific situation seems to be byproduct of treating HNWIs as the biggest mark by the alternatives industry
HNWIs embrace crypto! CoinShares survey: Over 50% of investors in US, UK, EU hold digital assets. Bitcoin dominates, but diversification grows. Many prefer intermediaries over direct exchanges. Advisors seen as too cautious. Significant interest & appetite for future investment. #crypto #HNWI
October 7, 2026 at 1:30 AM
HNWIs embrace crypto! CoinShares survey: Over 50% of investors in US, UK, EU hold digital assets. Bitcoin dominates, but diversification grows. Many prefer intermediaries over direct exchanges. Advisors seen as too cautious. Significant interest & appetite for future investment. #crypto #HNWI
💬 "Our proposal on the minimum tax on HNWIs draws from the experience of international tax cooperation on multinational companies to look at how we can reach an agreement without waiting 15–20 years." – @qparrinello.bsky.social at #OxfamItalia's conference on the Taxation of Wealth.
June 13, 2025 at 5:14 PM
💬 "Our proposal on the minimum tax on HNWIs draws from the experience of international tax cooperation on multinational companies to look at how we can reach an agreement without waiting 15–20 years." – @qparrinello.bsky.social at #OxfamItalia's conference on the Taxation of Wealth.
There has been a lot of successful work by the OECD on an effective global minimum tax rate for corporations (until the current US tax bill blows it up) but mysteriously looking to expand to HNWIs changes the alliances pushing for it a lot apparently
May 21, 2025 at 5:19 PM
There has been a lot of successful work by the OECD on an effective global minimum tax rate for corporations (until the current US tax bill blows it up) but mysteriously looking to expand to HNWIs changes the alliances pushing for it a lot apparently
"In surveys conducted by Arts Economics and UBS over the last nine years, of those HNWIs that were actively participating in the market, allocations to art from their wealth portfolios ranged from around 20% to 25%, with shares increasing with the level of wealth."
March 14, 2025 at 9:21 AM
"In surveys conducted by Arts Economics and UBS over the last nine years, of those HNWIs that were actively participating in the market, allocations to art from their wealth portfolios ranged from around 20% to 25%, with shares increasing with the level of wealth."
Some States sought clarity on how information would be exchanged, particularly regarding techniques used by HNWIs to avoid or evade taxes. The co-lead clarified that exchanges would concern general schemes, not specific taxpayers.
February 4, 2026 at 1:25 PM
Some States sought clarity on how information would be exchanged, particularly regarding techniques used by HNWIs to avoid or evade taxes. The co-lead clarified that exchanges would concern general schemes, not specific taxpayers.
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October 4, 2026 at 4:41 PM
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NYC leads global wealth with 340K high net worth individuals (+40% since 2012). Asia’s cities (Tokyo, Singapore, Shanghai) rise as economic powerhouses, while Texas attract HNWIs with tax perks. Post-Brexit, London lags as Australia gains from livability. #HNWI #WealthTrends
December 21, 2024 at 11:10 PM
NYC leads global wealth with 340K high net worth individuals (+40% since 2012). Asia’s cities (Tokyo, Singapore, Shanghai) rise as economic powerhouses, while Texas attract HNWIs with tax perks. Post-Brexit, London lags as Australia gains from livability. #HNWI #WealthTrends
The real question, though, is how HNWIs' income arising in or remitted to the UK -- which as non-doms is all that many were previously taxed on anyway -- is going to be taxed if they cease to be UK tax-resident.
October 5, 2026 at 6:46 PM
The real question, though, is how HNWIs' income arising in or remitted to the UK -- which as non-doms is all that many were previously taxed on anyway -- is going to be taxed if they cease to be UK tax-resident.
In the afternoon, attention shifted to Article 6 on taxing high-net-worth individuals (HNWIs). There was wide agreement with the current draft, though Brazil 🇧🇷, Spain 🇪🇸 and Mexico 🇲🇽 called for stronger references to effective tax rates paid by the wealthiest.
February 4, 2026 at 1:25 PM
In the afternoon, attention shifted to Article 6 on taxing high-net-worth individuals (HNWIs). There was wide agreement with the current draft, though Brazil 🇧🇷, Spain 🇪🇸 and Mexico 🇲🇽 called for stronger references to effective tax rates paid by the wealthiest.
What’s your opinion on greater enforcement of tax collection? I am aware through personal experience of wholesale tax evasion by tradespeople in Belfast. We need a tax collection system that stops this. Also the taxing of the Royal family & other HNWIs must also be increased in tandem.
July 4, 2026 at 9:46 AM
What’s your opinion on greater enforcement of tax collection? I am aware through personal experience of wholesale tax evasion by tradespeople in Belfast. We need a tax collection system that stops this. Also the taxing of the Royal family & other HNWIs must also be increased in tandem.
'56% of Africa’s millionaires & over 90% of its billionaires lived in just 5 countries in 2023 - South Africa, Egypt, Nigeria, Kenya & Morocco, according to The Africa Wealth Report 2024.'
Where Wealth is Concentrated in Africa
t.co/DwVyLj9rsb
Where Wealth is Concentrated in Africa
t.co/DwVyLj9rsb
https://www.statista.com/chart/32249/african-countries-with-the-most-hnwis/
t.co
May 19, 2024 at 2:03 PM
'56% of Africa’s millionaires & over 90% of its billionaires lived in just 5 countries in 2023 - South Africa, Egypt, Nigeria, Kenya & Morocco, according to The Africa Wealth Report 2024.'
Where Wealth is Concentrated in Africa
t.co/DwVyLj9rsb
Where Wealth is Concentrated in Africa
t.co/DwVyLj9rsb
Tanzania stresses that decision-making rules must ensure that no country can have a veto. Preference for a protocol on taxing services, including clear definition on taxing rights, mutual assistance and enforcement. Also supports work on IFF and ensuring HNWIs pay fair share
February 3, 2025 at 4:27 PM
Tanzania stresses that decision-making rules must ensure that no country can have a veto. Preference for a protocol on taxing services, including clear definition on taxing rights, mutual assistance and enforcement. Also supports work on IFF and ensuring HNWIs pay fair share