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Burton Malkiel Talks About Efficient Markets
In this video sponsored by Vanguard, Burton Malkiel, Princeton professor and author of "A Random Walk Down Wall Street," talks with RIJ editor Kerry Pechter about what "efficient market" means to him. The 10th edition of "A Random Walk" has just been published.
Industry Views are special reports that are sponsored and independent from RIJ's editorial content.
January 19, 2012, Research, News
One in five millionaires would pay more tax
But 65% just want to be left alone by the government to enjoy the wealth they’ve earned, an annual PNC survey shows.
When asked to comment on Warren Buffett’s now-famous call for the wealthy to pay more taxes and give more to charity, 49% of U.S. millionaires agreed but said they’re not in Buffett’s league, 29% said Buffett was wrong, and 22% agreed.
Those statistics were among the findings of the eighth annual Wealth and Values Survey by PNC Wealth Management, a unit of The PNC Financial Services Group, Inc.
Despite the nation’s financial troubles, the number of millionaires who agree or strongly agree with the statement, “I have an obligation to give back to my community," remains at 59%, the same number as in 2008.
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