Countries are trying to prevent the accumulation of wealth of technological millionaires. Ancient Rome tried it too

The concentration of wealth in a few hands that we see today in technological billionaires is not a new phenomenon. More than two thousand years ago, the Ancient Rome faced exactly the same dilemma that worries today to governments around the world: a few rich people accumulated land and resources, while the majority of citizens became impoverished to the point of bordering on misery. A young politician named Tiberius Sempronius Graceither He thought he found a solution to redistribute the wealth accumulated by the Roman patricians: his idea cost him his life. In the middle of the second century BC, after destroying Carthage and Corinth, Rome had become the dominant power of the Mediterranean. However, this expansion it didn’t make everyone rich equally. For the humblest Roman peasants, it brought a devastating social crisis. The small landowners, who for centuries had cultivated their lands and served in the Roman legions, were displaced by large estates exploited with slave labor brought from the new conquered territories. The long military campaigns had prevented the soldiers peasants return in time to harvest their lands, which affected the economies of their families. Furthermore, upon their return they discovered that their lands had been expropriated by millionaire aristocrats from Rome. Tiberius Sempronius Gracchusgrandson of Scipio Africanus, the general that defeated to the Carthaginian Hannibaland heir to one of the most powerful families in Rome, was guaranteed a brilliant political future. However, in the year 133 BC, being elected tribune of the plebs, he decided to propose an agrarian reform with which he attempted to redistribute the enormous fortunes that Roman landowners had accumulated. Something similar to what is trying to make California and other countries all over the world. Tiberius Sempronius Gracchus With this measure, Gracchus was directly confronting his own people since he himself came from a wealthy family. Its law established that no citizen could own more than 500 iugera (about 125 hectares) of public land, the so-called ager publicus. The plots that exceed that limit will be expropriated and handed over to landless peasants. A measure that, de facto, ended with the large estates in the hands of the richest romans. The objective of the measure was twofold: to restore economic solvency to the Roman people and to ensure that Rome had enough citizens with assets to nourish its legions, since only the owners They could serve as soldiers. Making friends among the richest According to the ancient sources of Plutarch, written between the years 96 AD and 117 AD, Tiberius did not seek to start a revolution against the rich, but to restore old republican laws that had fallen into disuse. To defend his reform, Tiberius gave speeches in front of the impoverished people of Rome. In one of his most famous, which was collected by Plutarchthe young tribune declared: “Their generals deceive them when, in battle, they encourage them to fight for the temples of their gods and for the tombs of their fathers. This is because, of a large number of Romans, not one has his own domestic altar or family tomb. They fight and die to feed the opulence and luxury of others, and, when they claim to be masters of the entire world, they do not even own a piece of land.” The Senate, dominated by large landowners, tried to block the reform by all means. They persuaded another tribune named Octavius ​​to veto the proposal, but Tiberius responded with a bold and unprecedented maneuver: he called for the assembly to remove Octavius ​​from office for acting against the interests of the people. The reform was finally approved and applied by distributing the large estates of the landowners among the Roman peasants. However, when Tiberius attempted to run for a second term as tribune, a practice then considered contrary to Roman tradition, the aristocracy decided he had gone too far. According to the historical documentationduring the elections in the Capitol, a group of senators led by the maximum pontiff Scipio Násica, a relative of Tiberius himself, burst in with a group of followers armed with clubs and with the legs of chairs torn from the Curia. In the sacred place, where swords were not allowed, They beat Tiberius to death and about 300 of his followers. His body was thrown into the Tiber River without allowing his family to bury him. Death of Tiberius Gracchus Ten years later, in 123 BC, Tiberius’ brother, Gaius Sempronius Gracchustook up the cause started by his brother with an even more ambitious program. Caius approved the Lex Frumentariawhich forced the State to distribute wheat among the plebs at prices below the market, laying the foundations of the food subsidy system that would last for centuries. He also proposed extending Roman citizenship to the Italic peoples who fought in Rome’s wars but did not enjoy its benefits. The Senate used populist tactics, warning that Italian foreigners would reduce aid to Roman citizens, and when Caius lost popular supportwas pursued to the Aventine Hill near Rome, where he ordered his faithful slave Philocrates to assassinate him. Nearly 3,000 of his supporters died with him. The legacy that survived violence Although the Senate murdered both brothers, it could not erase their legacy. The reforms that the Gracchi had proposed would finally be implemented decades later by order of Julius Caesar, who had a powerful army that protected him from suffering the same fate. The historians Plutarch and Appian left record of what happened with the Gracchus brothers centuries later, both agreed to portray Tiberius as a politician with solid ideas who looked to Rome’s past to find solutions to the problems suffered by his people. Paradoxically, although the story of the Gracchus brothers happened more than 2,000 years ago, we could find very similar references today with just a quick glance at the news. In Xataka | Mark Zuckerberg is going to change the California sun for Miami. You have 11 billion reasons to do it. Image | Wikimedia Commons (Lodovico Pogliaghi, Guillaume … Read more

a country with octogenarian millionaires and wealth about to change hands

Forbes Spain has just published your list of the 100 largest fortunes in Spain in 2025. In total, the largest fortunes in the country add up to 258,870 million euros, which is 7% more than the previous year. Beyond the fact that Amancio Ortega repeats for another year as the greatest fortune in Spain, few changes in the names that form itwith respect to other previous lists. However, there is one fact that draws powerful attention: of that total of 258.87 billion euros, 111.2 billion are in the hands of people over 80 years of age. In other words, 42.96% of the great Spanish wealth is concentrated in the hands of octogenarians. Octogenarian fortunes. Forbes data shows a clear pattern: 28 of the 100 largest assets belong to people over 80 years old who together control more than 111 billion euros. If the range is extended to the 70 to 79 age group, the sum of assets increases by 37.2 billion euros, which raises the total wealth in the hands of those over 70 years of age to 148 billion, close to 57% of the total. Spain is, literally, an economy controlled by septuagenarians and octogenarians. This data contrasts with the reality of other countries. For example, in the United States the average age of billionaires is around 65.7 years, according to the report ‘The Wealth Report 2025′ prepared by Knight Frank. In 2014, this average age was 63.3 years. If we focus on the 400 largest fortunes in the US (Forbes 400), the average age rises to 70 years. An aging country in every sense. The case of great fortunes is only a reflection of a broader pattern. According to data According to Eurostat, the average age in Spain is approximately 45.4 years, which places our country among the oldest in the European Union, whose average was 44.7 years in 2024. This demographic structure is also replicated in the business environment. According to data from ‘Global Entrepreneurship Monitor 2024 Report’the number of entrepreneurs under 35 years of age has decreased by 25% in the last decade, while the average age of IBEX 35 directors and directors exceeds 61.2 years, according to data of the CNMV. Fortunes of the last century. Unlike the United States, where the origin of great fortunes It is linked to technological innovation —Elon Musk with Tesla and SpaceX; Larry Ellison with Oracle; Mark Zuckerberg and Meta or Jeff Bezos with Amazon—the greatest Spanish fortunes come from much more traditional sectors. According to Forbes Spain 2025, the dominant branches are textiles and distribution (Inditex, Mercadona, Tendam), banking and investment (Santander, March, Abelló), infrastructure and construction (Ferrovial, Acciona) and tourism (Meliá, Barceló). In the vast majority of cases, these are businesses founded or consolidated in the 20th century and today managed by the second or third generation. They are not fortunes born from disruptionbut of the continuity of the family business. At the gates of the “Great Transfer of Assets”. The aging of the economic elite in Spain anticipates a generational wealth transfer unprecedented in our country. Taking data from Forbes, the 111.2 billion euros controlled by people over 80 will inevitably pass at the hands of heirs or successors in the coming years. This transfer of wealth that, sooner rather than later, the richest in Spain will face, also has different implications. First of all, they must start succession processes. Something that, in the case of Amancio Ortega, for example, is in the hands of his daughter Marta Ortega which currently runs Inditex, but leaves great unknowns in many other financial empires. Furthermore, this transfer of assets between the heirs of great fortunes will contribute to reducing the concentration of capital in a single person, given that this assets are usually distributed between several heirs. In Xataka | “They don’t need half a billion dollars to live”: Mick Jagger refuses to leave a million-dollar inheritance to his eight children Image | GTRES, Mercadona, Ferrovial

accelerate the ‘Great Wealth Transfer’

With the price of housing approaching to the peaks of the brick bubble and the savings capacity of households seriously limitedyounger Spaniards are opting for a key key to becoming owners of their own home: donations from parents to children. They show it clearly the latest data of the General Council of Notaries (CGN), which reflect that intergenerational transmissions of homes have skyrocketed in Spain. And it doesn’t look like the trend is going to stop. What has happened? That donations and inheritances are gaining weight in the Spanish real estate market. Nothing surprising if we take into account the aging of the country, the increase in housing prices and the difficulties with which (even despite the cheaper credit) are the youngest when they consider buying a house. In other words: the elderly choose to come to the aid of their children, nephews or grandchildren to clear their access to real estate agencies. It is not a new phenomenon (we have been talking about it for a long time). the ‘great transfer’ intergenerational wealth), but that does not stop it from being striking. Especially when data is published that helps to dimension it, something that the General Council of Notaries has just done in a report in which he reveals that housing donations have skyrocketed in recent years in our country. So much so that in his opinion they are already (along with inheritances) key levers for access to housing. Have they grown that much? The data from the General Council of Notaries (CGN) are clear. According to its latest sector report, in 2024, 54,735 homes were donated in Spain, 68% more than in 2017. In fact, if the series of the last eight years is analyzed, 2024 was the second largest record, only surpassed by 2021. And the trend seems to continue in 2025. During the first half of the year the group registered around 27,000 donated homes. In parallel, the number of house inheritances remains more or less stable. In 2024, 403,854 were counted, a very similar figure (with slight fluctuations) to that of recent years. Are they important figures? Yes. And it is better understood when put in the context of the real estate market, something that the notary school itself does. “The number of inherited homes in 2024 and the number of donated homes would together be equivalent to 64% of the home purchase and sale operations registered in that same year,” points out the CGNwhich emphasizes the drift of donations. “The number of inherited homes has remained fairly stable, while the number of donated homes almost doubled between 2017 and 2024.” Not only that. The notaries also emphasize that the stability in the flow of inheritances and the resounding increase in donations contrasts with a more oscillating pace of purchases and sales. And that general framework does not seem to be changing in the short term. “The most recent data for the first half of 2025 show that in this period 202,923 homes have been inherited and 26,923 donated. These two figures together would correspond to 60% of the number of sales between January and June of this year (380,144).” remember the General Council. How do notaries value it? The group does not limit itself to presenting figures. It also slips in the occasional interpretation that points in a clear direction: given the progressive rise in housing prices and the low saving capacity of young people, “intergenerational property transmissions” have been gaining weight. “In this framework, donations and inheritances are consolidated as instruments of access to housing and family redistribution of resources, and here the group of people over 65 years of age takes center stage,” reflects the CGN. After recalling that in general acts related to donations have skyrocketed by 127% between 2017 and 2024, the notaries explain that the growth is largely explained by donors between 55 and over 65 years old. “Inheritances and especially donations seem to show signs of becoming a key access channel for younger generations,” apostille. “Population aging predicts great wealth transmission in the coming decades, whether through donations or inheritances.” Is housing only donated/inherited? No. The notarial report reflects a general increase in donations, not just those involving houses. And that is an important nuance. As was already advancing in February The Countrythe volume of transmissions reached a record last year and a large part of them focused on cash, money that goes from the pockets of mothers and fathers to that of their children to make it easier for them to pay for a home or pay for a mortgage. “There is everything, from donations of 10,000 euros to others of 300,000, but the most common thing is to find figures close to 30,000 or 40,000, which can be used to pay for the entrance fee,” explained María Teresa Barea, spokesperson for the CGN. “We see that those parents who have some liquidity available donate part of the money to their children for the purchase or down payment of the house, but also to start a business.” Are there more factors? Yes. The increase in donations is explained by the increase in the price of residential m2 (it has shot up 15.3% in the last year according to Idealista), the low savings capacity of young people and the difficulties in accessing the real estate market; But another key factor also influences: taxation. In fact CGN data show variations between regions in the total number of homes donated that are not explained by population differences. Images | Ansar Naib (Unsplash) and General Council of Notaries In Xataka | Houses are so expensive in the Balearic Islands and the Canary Islands that they are expelling even Germans and British people from the market.

The Constitutional Court has frozen 6,700 million of the Wealth Tax. Millionaires will have to wait until 2026

The Constitutional Court has delayed until 2026 its decision on the legality of the current Wealth Tax, a tax that affects some 200,000 taxpayers in Spain and that in recent years has collected more than 6.7 billion euros, according to advanced The Economist. This delay creates a lot of uncertainty about whether the wealthiest taxpayers They may or may not recover the amounts they have been paying since 2021, when the tax went from temporary to permanent and its maximum rate was raised to 3.5%. History of a controversial tax. He Wealth Tax was created in 1977 and was renovated in 1991 to redefine your goals. During the first government of José Luis Rodríguez Zapatero, its tax was annulled, although the figure of the tax as such was not eliminated, and in 2011 it was temporarily reinstated due to collection needs. Since that date it has been extended annually under the label of “temporary” until in 2021 it became permanent and the maximum rate was raised from 2.5% to 3.5%. As and how he collected Five Days In 2021, this change was questioned by the Popular parliamentary group, which filed an appeal before the Constitutional Court arguing that such structural modifications – in short, a new tax was being firmly created – could not be made through a budget law, according to the article 134.7 of the Constitution. If it is found to be unconstitutional, the Treasury should return everything collected from this tax from 2021 with interest to its taxpayers, a payment that part of an estimate of 6,700 billion euros. The impact on taxpayers. Based on jurisprudence, if the Court declares the tax unconstitutional in its current form, only those taxpayers who have previously requested a rectification of their declarations or initiated a refund procedure will be able to recover payments. The rest would not have the right to recover what was paid because, generally, the sentences do not have retroactive effect, as already happened when the Supreme Court declared the capital gain null and void municipal and the payments had to be returned. Ángel Sánchez, partner of the Golden Partners firm, specialized in real estate taxation assured to The Independent who “The lack of certainty about whether the tax is constitutional or not has a direct impact on the economic decisions of taxpayers. Nobody knows if in a year what is paid today will be able to be claimed.” Given this uncertainty, the expert warns that “only taxpayers who have submitted a rectification request or, where applicable, an administrative claim will be able to recover what they paid. Anyone who has not acted preventively will lose that right.” It’s up in the air, but it’s still valid. Something that is tax experts warning is that, although the Wealth Tax is in question, until justice orders actions, they remain in force. That means that if taxpayers don’t pay While the tax remains in force, they could receive sanctions, surcharges and interest for non-compliance, regardless of what the Constitutional Court rules. Sánchez clarifies that “not declaring constitutes a tax violation. The appropriate strategy is to comply with the obligation and, in parallel, present the claim or rectification to keep alive the right to refund”, in this way, the amounts could be claimed if the Constitutional Court orders its repeal. The claim period covers tax years from 2021 to 2024. The future consequences. If the Constitutional Court endorses the constitutionality of the tax, it will remain in force and consolidated as a permanent tax. On the other hand, if it declares it unconstitutional, the Government could approve a new law that respects the appropriate legal procedures to maintain it. A debate could also begin about replacing it with another more uniform tax figure or one linked to the Solidarity Tax of large fortunes, which has had such good results. There could even be a partial declaration of unconstitutionality, reestablishing the previous maximum rate of 2.5% or returning the tax to the temporary nature it had since 2021, which would imply that the Government would have to extend it each year. In any case, the delay in the Constitutional decision keeps thousands of taxpayers waiting for a ruling that will define the immediate future of the tax and the possibility of recovering millions of euros that have been collected in recent years. In Xataka | Spain has increased its census of millionaires: only 27.6% are paying the Wealth Tax Image | Wikimedia Commons (K3T0), Unsplah (omid armin)

The year of the snake brings wealth for 4 signs of the Chinese horoscope

If you are fortunate to be born in years of The rat, the dragon, the monkey and the roosterthe year of the wooden snake will bring for you blessings reflected in financial wealth. Starting on January 29, 2025 and culminating on February 16, 2026 In the western calendar, this lunar year plays a vital role in the economic sector of these signs of the Chinese horoscope. The energy of the wooden snake It encourages cunning, strategy and adaptability, qualities that these four signs can make the most of to improve their economic situation. Continue reading to know what these signs should do to take advantage of their fortune this year, according to the your chinese astrology site. Rata (1948, 1960, 1972, 1984, 1996, 2008, 2020) The fortune of the people born in the year of the rat will improve significantly in 2025 thanks to the influence of the auspicious stars Zi Wei and Long de. With their sharp business sense and mental speed, rats will have a prominent performance in investments and ventures. Rat tips in 2025 Focus on technology and the Internet: these sectors will be key to financial success. Invest time in knowing trends and developing innovative projects. Take advantage of your leadership skills: Your ability to lead teams will be essential to achieve new heights in your career. Be strategic in your financial decisions: carefully evaluate opportunities before acting, especially in long -term projects. This will be a year of accelerated growth for rats, who can transform their ambitions into concrete results. Dragon (1940, 1952, 1964, 1976, 1988, 2000, 2012, 2024) People born in the year of the dragon will be among the most favored during the year of the snake. This period will bring an boom in your professional luck, which will result in substantial financial gains. How to take advantage of the year of the snake if you are dragon Find unique opportunities: be an entrepreneur or employee, this year will present unpublished possibilities for professional growth. Improve your financial management skills: learn to manage your income to maximize your profits and ensure sustainable growth. Stay open to new projects: success will come through innovative initiatives and strategic collaborations. The dragon, symbol of power and fortune, will find in 2025 an ideal year to expand its wealth and establish a solid basis for the future. Mono (1944, 1956, 1968, 1980, 1992, 2004, 2016) The year of the monkey will be marked by a stable fortune, but with great possibilities of growth if they manage to work as a team. With their intelligence and ability to adapt, monkey people will have many opportunities to generate income in 2025. Recommendations for monkeys in 2025 Form a solid team: collaborating with trusted people will be key to making the most of financial opportunities. Diversify your income: Participate in investments, secondary projects or activities that allow you to explore new sources of income. Be organized and strategic: your planning skills will be essential to maintain constant and sustainable growth. Although monkeys are naturally independent, this year it will teach them the power of collaboration in the construction of a solid economic base. Gallo (1945, 1957, 1969, 1981, 1993, 2005, 2017) People born in the year of the Gallo will enjoy constant financial growth in 2025. Thanks to their ability to socialize and adapt, they will have many opportunities to increase their wealth, as long as they are willing to work hard to achieve it. Keys to the success of the rooster in 2025 Take advantage of the auspicious stars: this year you will have the help of cosmic influences that will enhance your opportunities. Stay attentive to the key moments to act. Work with discipline: although luck is on your side, the effort will be indispensable to achieve your financial goals. Be cautious with your decisions: Each investment or project before compromising you. The rooster will learn that effort and constancy are the foundations for building a lasting fortune. This year is ideal to lay the foundations for a promising financial future. Keep reading:• Year of the Wood Snake: What is the Lucky Amulet• Love horoscope: 4 signs will be lucky in the year of the snake• How to prepare your home for the Chinese New Year 2025 (Tagstotranslate) Hor \ U00F3Scopo Chino

How wealth and land passed from mothers to daughters (and not to men) in Britain 2,000 years ago

Image source, BOURNEMOUTH UNIVERSITY photo caption, The investigation found several skeletons of women buried with valuable objects such as pots. Item information Author, Georgina Rannard Author’s title, Science reporter, BBC 1 hour 2,000 years ago women in Britain passed land and wealth to their daughters, not their sons, as communities were built around the female bloodline, according to new research. Skeletons unearthed in Dorset contain DNA evidence that Celtic men moved to live with their wives’ families and communities. Scientists found evidence of an entire community built around a family’s female bloodline over generations, probably originating from a woman. “This points to an Iron Age society in Britain in which women had a lot of influence and could shape its trajectory in many ways,” explains Dr. Lara Cassidy of Trinity College Dublin, Ireland, lead author of the investigation. Image source, BOURNEMOUTH UNIVERSITY photo caption, Archaeologists found well-preserved skeletons in the clay soil of Dorset. It is the first time in the history of ancient Europe that this evidence has been documented. of communities built around women. Scientists believe that the communities also invested heavily in their daughters, as they would likely inherit their mother’s status. “It’s relatively rare in modern societies, but it might not always have been that way,” Cassidy says. The team found evidence that this occurred in numerous places in Britain, suggesting that the practice was widespread. The communities analyzed lived around the same time as Boudica, the warrior queen who led a rebellion against Roman invaders in eastern England around AD 61. Dr. Cassidy sequenced DNA taken from the bones of 57 individuals from a tribe called Durotriges. People lived in Winterborne Kingston, Dorset, around 100 BC to 100 AD The skeletons were unearthed from a cemetery by a team of archaeologists from Bournemouth University, England. By tracking mitochondrial DNA, which is only passed between women, Cassidy discovered that most of the women in the community were related by blood ties that went back to previous generations. Instead, there was a lot of diversity in the Y chromosomes, which are passed from father to son, indicating that men from many different families married into the community. Image source, BOURNEMOUTH UNIVERSITY photo caption, The skeletons of people from the Durotriges tribe were very well preserved. DNA analysis also indicates that most of the ancestral line can be traced back to a single woman. The work shows that this society was what is known as matrilocal, meaning that a married man moved to live in his wife’s community. “The most obvious benefit for a woman is that if you don’t leave home, you don’t abandon your support network. Your parents, siblings, family members are still around you,” says Dr. Cassidy. “It is your husband who arrives, he is the stranger in the community and depends on your family for his livelihood and his land,” she adds. The researchers they found the same evidence of matrilocality in bones from other cemeteries, including those in Cornwall and Yorkshire. The researcher says evidence of powerful women in ancient communities has often been dismissed as isolated, not the norm, but these findings challenge that way of thinking. Archaeologists Miles Russell and Martin Smith found other evidence that women had high status. Image source, BOURNEMOUTH UNIVERSITY photo caption, The team from Trinity College and Bournemouth University excavated and analyzed skeletons of 57 people “We found tombs decorated with great care and with objects of great value. In each of the cases they were tombs of women, so we believe that wealth was transferred through the female line,” says Professor Martin Smith of Bournemouth University. The findings also support Roman writings of the time which suggested that women in Britain were quite powerful, more so than in Rome. But the Romans, like Julius Caesar, saw it as a sign of backwardness. “Women in Britain had power and it was a more egalitarian place. That was the biggest problem the Romans had with the British because Rome was a deeply patriarchal society. For them, it marked the British as the quintessential barbarians,” she says. Professor Miles Russell of Bournemouth University. Most societies today are patrilocal, meaning that women move to their husbands’ communities. But there are some matrilocal communities today or in the recent past, such as the Akan in Ghana, West Africa, and the Cherokee in North America. Scientists say Iron Age Britain may have been matrilocal because men were frequently outside fighting. Dr. Cassidy compares it to World War II, when women gained more political and economic power. Matrilocal societies are also less likely to experience internal conflict, he says. “They can promote feelings of unity between communities and neighboring towns. They disperse groups of related men, preventing them from developing strong loyalties and starting disputes with related men who live nearby,” suggests the researcher. The findings were published in the scientific journal Nature. Subscribe here to our new newsletter to receive a selection of our best content of the week every Friday. And remember that you can receive notifications in our app. Download the latest version and activate them.

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