Your English writing platform
Discover LudwigSuggestions(2)
Exact(8)
IN 1885, when the Metropolitan Museum of Art was young and New York was home to much new wealth but only a few old masters, the museum showcased a painting on loan from Europe that created a minor stir.
According to Forbes magazine's "rich list", there are also 425 billionaires, 274 of them in America alone.Why was so much new wealth created in the 1990s?
Microsoft Corporation, established by Seattle natives Bill Gates and Paul Allen and headquartered in the onetime farming community of Redmond (now a Seattle suburb), is a world leader in computer operating systems and applications; its presence attracted hundreds of smaller businesses and generated much new wealth, and growth was especially rapid in the 1990s.
It issued handouts crediting the Reagan tax cut with prompting the economic boom of the past 20 years and with creating so much new wealth that, when the cold war ended, a windfall in tax revenues turned budget deficits to surpluses.
There's too much new wealth out there for that.
After the U.S., probably no country has created as much new wealth in the personal computer industry as Taiwan.
Similar(52)
Even though inflows of new cash have slowed during the subprime debacle, "the miracle of UBS is that we gather as much net new wealth every year as some private banks have as total assets under management," says Marten S. Hoekstra, head of wealth management for the Americas.
And the man behind the manifesto's numbers, Brian Heatley, told me they couldn't really be sure how much their new wealth tax would raise because it hasn't been tried before.
Figuring out how much of any new wealth might be spent is more difficult.
Two mines in Mongolia's southern Gobi region are expected to provide much of the new wealth.
Much of the new wealth has shady origins, corruption is endemic, and the quality of Central Europe's politicians, civil servants and judges is poor to dire.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com