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Billionaire philanthropy is a ‘PR scam’ says CEO who raised workers’ minimum pay to $70,000 and the hidden financial drawback to remote work

Happy Tuesday MarketWatchers. Don’t miss these top stories:

Reassess your life and career every 7 years by asking these 3 questions

Here’s a response to feeling burned out at work or depleted by relationships.

Nearly half the states are taxing companies over PPP loans that have been forgiven

How is your state treating COVID loans made to companies?

Financial guru Dave Ramsey is selling his $15.45 million Tennessee estate

It’s no surprise that the massive estate of the prominent radio host Dave Ramsey, in Franklin, TN, has turned out to be a great investment — that is, if he can sell it for anywhere near his $15.45 million asking price.

We put our extravagant neighbors in touch with our financial adviser. They called her ‘lousy.’ So how come WE are the ones who retired early?

‘Warren Buffett and Harry Potter couldn’t get those two retired early.’

I’m 28, have zero debt, a 401(k), Roth IRA and $45K in the bank. Should I save for a home or buy a Tesla Model 3?

‘I believe I can buy the car and strap down, and save more aggressively to replenish the funds.’

My ex-husband signed a contract with our son saying he would only pay for his education if he gets Cs or better. That contradicts our divorce agreement

‘We included in our settlement an agreement to each pay $10,000 per year for our son’s college education. Our son is in college and is 20 years old now.’

‘I was discarded after 40 years of marriage’: Can my ex-husband file a joint tax return without my consent? He tried to take both my stimulus checks

‘He told me straight out that he does not intend to give me any of our joint tax return, because he said that I am no longer working.’

Billionaire philanthropy is a ‘PR scam,’ says CEO who raised his workers’ minimum pay to $70,000

‘In reality, the amount [billionaires] donate is a fraction of what they would pay if their tax rates were in line with the working class,’ Gravity Payments CEO Dan Price told MarketWatch.

There’s a hidden financial drawback to remote working

The rise of remote working may provide workers freedom to live where they want — but that doesn’t mean they’re saving money.

‘The sheer number of claims are extraordinary’: Texans pay a lot for insurance — but will that help them now?

‘Document everything,’ said Camille Garcia, director of communications and public affairs at the Insurance Council of Texas

Elsewhere on MarketWatch
What good is a commuter tax in a work-from-home world?

A tax that constitutes a big chunk of Philadelphia’s city budget depends on people coming into the city to work, even as Americans have been forced to hunker down for months. Now city officials must figure out how to plug the budget hole this year – and decide how to navigate the upcoming new normal.

America’s excessive government spending must stop

In his final commentary, George P. Shultz warned of grave economic and national-security risks from excessive government spending and borrowing.

Inflation could make a stealthy comeback, with devastating consequences

Those who believe the official forecasts of continued low inflation could be in for a rude awakening, writes Axel A. Weber.

Consumer confidence climbs to three-month high as more Americans plan vacations

Americans grew more confident in the economy in February after the government stepped up stimulus payments to families and coronavirus cases fell sharply, but they were still worried about how long the pandemic will linger. The index of consumer confidence rose to a three-month high of 91.3 in February from 88.9.

Fed’s Powell says economy could improve later this year but sees no change in policy

Federal Reserve Chairman Jerome Powell said Tuesday there are signs pointing to an improved economic outlook later this year, but indicated he sees the Fed holding its easy policy stance “for some time.”

#LaserEyes meme campaign goes viral on Twitter in apparent bid to double bitcoin price to $100,000

Viral trend to boost bitcoin enjoys backing from the likes of Elon Musk and Tyler Winklevoss.

Most investors don’t like accelerating inflation — but this one group does

Value investors are keenly aware that the value-over-growth premium tends to rise when inflation heats up.

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