# Headlines edition: Let the Games Begin! #Omnivore ## Colophon title:: Headlines edition: Let the Games Begin! type:: [[clipped-note]] tags:: [[&omnivore]] Newsletter url:: https://omnivore.app/no_url?q=f2baf8b5-8697-4102-bd10-6bb727f3bf71 archive:: https://omnivore.app/me/headlines-edition-let-the-games-begin-190ed50291f date:: [[2024-07-26]] ## Highlights tags:: > <mark class="omni omni-yellow">**Point to note:** Billionaires around the world are taxed on [**less than 0.5%**](https://lqw8qkdi.r.ap-south-1.awstrack.me/L0/https:%2F%2Fwww.business-standard.com%2Fworld-news%2Fworld-s-top-1-gained-42-trillion-in-a-decade-taxes-at-record-lows-oxfam-124072500348%5F1.html/1/01090190ed4ff689-728ae6a5-38ff-4779-b3e6-5ae203d0adaf-000000/sKAaI7vlKyP3g1Ix4OiJYrT9sJQ=165) of their wealth. FYI: The Ambanis spent on their youngest son’s wedding a mere [**Rs 5,000 crore**](https://lqw8qkdi.r.ap-south-1.awstrack.me/L0/https:%2F%2Fwww.livemint.com%2Fnews%2Findia%2Fanantradhika-marriage-how-much-money-did-the-ambanis-splurge-on-this-wedding-here-are-some-facts-kim-kardashian-11720753764666.html/1/01090190ed4ff689-728ae6a5-38ff-4779-b3e6-5ae203d0adaf-000000/Brfhdw4sn4n1g%5Fuujsg5mNEnQrc=165) (50 billion)—which is coincidentally only 0.5% of Mukesh Ambani’s worth. ([**Mint**](https://lqw8qkdi.r.ap-south-1.awstrack.me/L0/https:%2F%2Fwww.livemint.com%2Fnews%2Fworlds-top-1-have-collected-34-times-the-wealth-of-the-bottom-50-oxfam-report-g20-brazil-11721883535238.html/1/01090190ed4ff689-728ae6a5-38ff-4779-b3e6-5ae203d0adaf-000000/hwhlgElaQrrlB4p5m3XEP14LSM0=165))</mark> [⤴️](https://omnivore.app/me/headlines-edition-let-the-games-begin-190ed50291f#1b51e4f2-f7a3-494d-9de9-7f85e60c8a11) ^1b51e4f2 Right, but is largely because most of their wealth is 'unrealised'? tags:: > <mark class="omni omni-yellow">**Speaking of the upwardly mobile:** They aren’t doing all that well, either. A new Securities and Exchange Board of India (SEBI) report shows that seven in 10 day traders suffered losses in FY2023.</mark> [⤴️](https://omnivore.app/me/headlines-edition-let-the-games-begin-190ed50291f#53710d6a-e2cd-45dc-bd48-cf41fd8cf1f6) ^53710d6a tags:: > <mark class="omni omni-yellow">Key point to note: Intraday trading has increased by over 300% in the last five financial years. ([**NDTV Profit**](https://lqw8qkdi.r.ap-south-1.awstrack.me/L0/https:%2F%2Fwww.ndtvprofit.com%2Fmarkets%2Fsebi-study-reveals-70-of-intraday-traders-faced-loss-in-fy23-young-traders-hit-most/1/01090190ed4ff689-728ae6a5-38ff-4779-b3e6-5ae203d0adaf-000000/NoiB3zDO4TMMSaKD-DZaVpCUUW0=165))</mark> [⤴️](https://omnivore.app/me/headlines-edition-let-the-games-begin-190ed50291f#8473aaef-5967-4047-874e-9223b84e52b3) ^8473aaef [Read on Omnivore](https://omnivore.app/me/headlines-edition-let-the-games-begin-190ed50291f) [Read Original](https://omnivore.app/no_url?q=f2baf8b5-8697-4102-bd10-6bb727f3bf71)